Renewable Energy Group (REGI) : The consensus on Renewable Energy Group (REGI) based on 2 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.
Renewable Energy Group (REGI) : 2 investment research analysts covering Renewable Energy Group (REGI) have an average price target of $14.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $17 and the lowest target is $12 for the short term. Analysts expect the variance to be within $3.54 of the average price.
Renewable Energy Group (NASDAQ:REGI): After opening at $8.1, the stock dipped to an intraday low of $8.03 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.18 and the buying power remained strong till the end. The stock closed at $8.16 for the day, a gain of 1.12% for the day session. The total traded volume was 566,032. The stocks close on the previous trading day was $8.07.
Renewable Energy Group, Inc. is engaged in producing advanced biofuels and renewable chemicals. The Company is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products. The Company operates a network of around nine operational biodiesel plants and one fermentation facility. The Companys segments include Biomass-based diesel and Services. The Biomass-based diesel segment processes waste vegetable oils, animal fats, virgin vegetable oils, and other feedstocks and methanol into biomass-based diesel. The Services segment offers services for managing the construction of biomass-based diesel production facilities and managing ongoing operations of third party plants.