Brokerage Firm Rating Update on Rite Aid Corporation (RAD)

Rite Aid Corporation (RAD) : 4 analysts are covering Rite Aid Corporation (RAD) and their average rating on the stock is 2.5, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Rite Aid Corporation (RAD) stock is expected to deviate a maximum of $0.5 from the average target price of $9.25 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $10 and the most muted being $9.


Company shares have received an average consensus rating of Hold for the current week

Rite Aid Corporation (NYSE:RAD): The stock opened at $7.61 and touched an intraday high of $7.78 on Wednesday. During the day, the stock corrected to an intraday low of $7.6, however, the bulls stepped in and pushed the price higher to close in the green at $7.75 with a gain of 2.51% for the day. The total traded volume for the day was 11,922,407. The stock had closed at $7.56 in the previous trading session.

Rite Aid Corporation is a retail drugstore chain. The Company sells prescription drugs and a range of other merchandise, which are referred to as front-end products. The Companys drugstores primary business is pharmacy services. It operates approximately 4,570 stores in 31 states across the country and in the District of Columbia. Its front-end products include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise and various other every day and convenience products. The Company offers a range of products through its portfolio of private brands. Its classes of products include prescription drugs, over-the-counter medications and personal care, health and beauty aids, and general merchandise and other. It sells private brand and co-branded products. It operates under The Rite Aid name.

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