RBC Capital Reiterates “Buy” Rating for Thor Industries (THO)
Thor Industries (NYSE:THO)‘s stock had its “buy” rating reiterated by RBC Capital in a research note issued on Thursday, StockRatingsNetwork reports. They currently have a $24.00 price target on the stock. RBC Capital’s price objective indicates a potential downside of 55.36% from the stock’s previous close.
Thor Industries (NYSE:THO) traded up 1.62% during mid-day trading on Thursday, hitting $54.63. 371,230 shares of the company’s stock traded hands. Thor Industries has a 52 week low of $33.93 and a 52 week high of $55.93. The stock’s 50-day moving average is $52.78 and its 200-day moving average is $45.21. The company has a market cap of $2.898 billion and a P/E ratio of 20.55.
THO has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Thor Industries (NYSE:THO) from $54.00 to $60.00 in a research note to investors on Friday, August 9th. They now have an “outperform” rating on the stock. Separately, analysts at SunTrust initiated coverage on shares of Thor Industries (NYSE:THO) in a research note to investors on Friday, August 9th. They set a “buy” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Thor Industries (NYSE:THO) from $66.00 to $69.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock.
One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Thor Industries presently has a consensus rating of “Buy” and a consensus target price of $51.50.
Thor Industries, Inc (NYSE:THO)manufactures and sells a range of recreation vehicles and small and mid-size buses in the United States and Canada.
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