Accelrys Price Target Raised to $12.50 at B. Riley (ACCL)
Stock analysts at B. Riley lifted their price target on shares of Accelrys (NASDAQ:ACCL) from $9.75 to $12.50 in a report issued on Friday, StockRatingsNetwork reports. B. Riley’s target price would suggest a potential downside of 0.64% from the company’s current price.
Accelrys (NASDAQ:ACCL) traded up 0.08% during mid-day trading on Friday, hitting $12.58. 2,634,964 shares of the company’s stock traded hands. Accelrys has a 1-year low of $7.75 and a 1-year high of $12.58. The stock’s 50-day moving average is $9.92 and its 200-day moving average is $9.44. The company’s market cap is $700.3 million.
ACCL has been the subject of a number of other recent research reports. Analysts at Craig Hallum downgraded shares of Accelrys from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a $12.50 price target on the stock, up previously from $11.00. Separately, analysts at Northland Capital Partners downgraded shares of Accelrys from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. They now have a $12.50 price target on the stock, up previously from $12.00. Finally, analysts at Northland Securities downgraded shares of Accelrys to a “market perform” rating in a research note to investors on Thursday. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $12.36.
Accelrys, Inc develops and commercializes scientific informatics software products and services for industries and organizations.
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