Rite Aid Corporation (RAD) : Analyst Rating Update

Rite Aid Corporation (RAD) has an average broker rating of 2.6, which is interpreted as a Hold, as rated by 5 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Rite Aid Corporation (RAD) : Currently there are 5 street experts covering Rite Aid Corporation (RAD) stock. The most bullish and bearish price target for the stock is $10 and $9 respectively for the short term. The average price target of all the analysts comes to $9.2. The estimated standard deviation from the target is $0.45.

Rite Aid Corporation (NYSE:RAD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.37 and $7.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.41, notching a gain of 1.51% for the day. The total traded volume was 31,781,183 . The stock had closed at $7.30 on the previous day.

Also, In the latest statement by the brokerage house, Deutsche Bank downgrades its outlook on Rite Aid Corporation (NYSE:RAD). 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 April 8, 2016. The company shares have dropped -11.73% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $9.47 and the one year low was seen on Sep 30, 2015. The 50-Day Moving Average price is $7.70 and the 200 Day Moving Average price is recorded at $7.87.

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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