Shares of Rite Aid Corporation (RAD) traded up 0.42% during mid-day trading on Friday, reaching $2.37. The company’s stock had a trading volume of 49,146,571 shares. The firm’s market cap is $2.48 billion. Rite Aid Corporation has a 12-month low of $2.30 and a 12-month high of $8.77. The firm’s 50-day moving average price is $3.47 and its 200 day moving average price is $5.26. RAD has been the topic of a number of recent research reports. Credit Suisse Group reissued an “outperform” rating and issued a $6.50 target price on shares of Rite Aid Corporation in a report on Monday, March 20th. Guggenheim downgraded Rite Aid Corporation from a “buy” rating to a “neutral” rating in a report on Tuesday, April 25th. Zacks Investment Research raised Rite Aid Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 16th. Cowen and Company reissued an “outperform” rating and issued a $4.70 target price on shares of Rite Aid Corporation in a report on Monday, June 12th. Finally, Evercore ISI initiated coverage on Rite Aid Corporation in a report on Friday, June 30th. They issued an “underperform” rating and a $2.50 target price on the stock. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Rite Aid Corporation currently has an average rating of “Hold” and a consensus target price of $5.08.
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