Suntech Power Stock Rating Reaffirmed by RBC Capital (STP)
Suntech Power (NYSE:STP)‘s stock had its “hold” rating reaffirmed by research analysts at RBC Capital in a report released on Wednesday, AnalystRatings.NET reports. They currently have a $0.75 price objective on the stock. RBC Capital’s price target would suggest a potential downside of 55.88% from the stock’s previous close.
Suntech Power (NYSE:STP) traded down 2.94% during mid-day trading on Wednesday, hitting $1.65. 8,208,743 shares of the company’s stock traded hands. Suntech Power has a one year low of $0.30 and a one year high of $1.99. The stock’s 50-day moving average is $1.26 and its 200-day moving average is $1.02. The company’s market cap is $298.6 million.
Suntech Power Holdings Co, Ltd. (NYSE:STP) is a solar energy company.
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