Avondale Partners cut shares of Rue21 (NYSE: RUE) from an outperform rating to a market perform rating in a research report sent to investors on Tuesday morning. The firm currently has $32.00 price target on the stock, down from their previous price target of $44.00.
Rue21 traded down 1.84% on Tuesday, hitting $27.19. Rue21 has a 1-year low of $23.85 and a 1-year high of $33.65. The stock’s 50-day moving average is currently $29.07. The company has a market cap of $646.6 million and a price-to-earnings ratio of 16.69.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase reiterated an overweight rating on shares of Rue21 in a research note to investors on Tuesday, December 4th. Analysts at Jefferies Group reiterated a buy rating on shares of Rue21 in a research note to investors on Thursday, November 29th.
Five analysts have rated the stock with a buy rating, and two have issued a hold rating to the stock. Rue21 has a consensus rating of overweight and a consensus target price of $34.00.
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