Analyst Price Target Update on Sturm Ruger & Company (NYSE:RGR)

Sturm Ruger & Company (NYSE:RGR): 2 Analyst have given the stock of Sturm Ruger & Company (NYSE:RGR) a near short term price target of $74. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $8.49. The higher price target estimate is at $80 while the lower price estimates are fixed at $68.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, BB&T Capital downgrades its outlook on Sturm Ruger & Company (NYSE:RGR). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on June 6, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP & General Counsel) of Sturm Ruger & Co Inc, Reid Kevin B. Sr had sold 6,000 shares worth of $412,740 in a transaction dated February 25, 2016. In this transaction, 6,000 shares were sold at $68.79 per share.

Sturm Ruger & Company (NYSE:RGR) : On Monday heightened volatility was witnessed in Sturm Ruger & Company (NYSE:RGR) which led to swings in the share price. The stock opened for trading at $61.95 and hit $63.5677 on the upside , eventually ending the session at $62.29, with a gain of 8.5% or 4.88 points. The heightened volatility saw the trading volume jump to 1,390,184 shares. The 52-week high of the share price is $78.09 and the company has a market cap of $1,181 million. The 52-week low of the share price is at $48.1 .

Sturm, Ruger & Company, Inc. is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company has two reportable segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, revolvers, and shotguns principally to a number of federally-licensed, independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding (MIM) parts. The Company offers products in four industry product categories rifles, pistols, shotguns and revolvers. The Companys firearms are sold through independent wholesale distributors, principally to the commercial sporting market.

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