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Shares of Blackhawk Network Holdings (NASDAQ:HAWK) hit a new 52-week high on Friday, American Banking News.com reports. The company traded as high as $28.92 and last traded at $28.13, with a volume of 473,734 shares trading hands. The stock had previously closed at $26.66.

Several analysts have recently commented on the stock. Analysts at Barrington Research initiated coverage on shares of Blackhawk Network Holdings in a research note to investors on Friday, December 20th. They set an “outperform” rating and a $31.00 price target on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Blackhawk Network Holdings in a research note to investors on Monday, December 16th. They set a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Blackhawk Network Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, December 10th. They now have a $27.00 price target on the stock, up previously from $25.00. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $25.59.

Blackhawk Network Holdings has a 52-week low of $20.25 and a 52-week high of $27.23. The stock’s 50-day moving average is $23.89 and its 200-day moving average is $23.93. The company has a market cap of $1.479 billion and a P/E ratio of 33.20.

Blackhawk Network Holdings, Inc, is a prepaid payment network utilizing technology to offer a range of gift cards, other prepaid products and payment services in the United States and 18 other countries.

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