UBS AG Reiterates “Neutral” Rating for Bed Bath & Beyond (BBBY)
Bed Bath & Beyond (NASDAQ:BBBY)‘s stock had its “neutral” rating reaffirmed by equities researchers at UBS AG in a research report issued on Monday, StockRatingsNetwork reports. They currently have a $84.00 price target on the stock, up from their previous price target of $80.00. UBS AG’s price objective indicates a potential upside of 4.37% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Thomson Reuters/Verus downgraded shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, December 24th. Separately, analysts at ISI Group upgraded shares of Bed Bath & Beyond to a “neutral” rating in a research note to investors on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Bed Bath & Beyond currently has an average rating of “Hold” and a consensus target price of $80.95.
Shares of Bed Bath & Beyond (NASDAQ:BBBY) traded down 1.55% during mid-day trading on Monday, hitting $79.23. 1,314,996 shares of the company’s stock traded hands. Bed Bath & Beyond has a 52 week low of $54.62 and a 52 week high of $80.82. The stock has a 50-day moving average of $78.00 and a 200-day moving average of $75.78. The company has a market cap of $16.698 billion and a P/E ratio of 16.76.
Bed Bath & Beyond Inc is a chain of retail stores, operating under the names Bed Bath & Beyond (NASDAQ:BBBY), Christmas Tree Shops (CTS), Harmon and Harmon Face Values (Harmon), buybuy BABY and World Market or Cost Plus World Market (World Market).
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