Seagate (NYSE:STX) had its target price lifted by BMO Capital Markets from $48.00 to $55.00 in a research note released on Monday, AnalystRatingsNetwork.com reports.
Shares of Seagate (NYSE:STX) traded down 2.16% on Monday, hitting $48.08. 5,438,552 shares of the company’s stock traded hands. Seagate has a 1-year low of $24.90 and a 1-year high of $47.82. The stock’s 50-day moving average is $40.0 and its 200-day moving average is $39.9. The company has a market cap of $17.156 billion and a price-to-earnings ratio of 10.22.
A number of other firms have also recently commented on STX. Analysts at RBC Capital raised their price target on shares of Seagate from $44.00 to $48.00 in a research note to investors on Tuesday, October 8th. They now have a sector perform rating on the stock. Separately, analysts at FBN Securities raised their price target on shares of Seagate from $45.00 to $50.00 in a research note to investors on Tuesday, October 8th. Finally, analysts at Zacks reiterated a neutral rating on shares of Seagate in a research note to investors on Thursday, October 3rd. They now have a $48.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $51.24.
Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.
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