Stage Stores Reaches New 1-Year Low at $18.39 (SSI)
Shares of Stage Stores (NYSE:SSI) hit a new 52-week low during mid-day trading on Friday , Analyst Ratings News reports. The company traded as low as $18.39 and last traded at $18.50, with a volume of 598,606 shares trading hands. The stock had previously closed at $18.81.
SSI has been the subject of a number of recent research reports. Analysts at Nomura initiated coverage on shares of Stage Stores in a research note on Wednesday. They set a “neutral” rating and a $20.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Stage Stores from a “neutral” rating to an “underperform” rating in a research note on Wednesday, December 18th. They now have a $20.00 price target on the stock. Finally, analysts at Telsey Advisory Group cut their price target on shares of Stage Stores from $26.00 to $24.00 in a research note on Friday, November 22nd. They now have a “not rated” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Stage Stores has an average rating of “Hold” and an average target price of $24.00.
The stock’s 50-day moving average is $20.21 and its 200-day moving average is $20.77. The company has a market cap of $577.4 million and a price-to-earnings ratio of 22.50.
Stage Stores, Inc (NYSE:SSI) is a Houston, Texas-based retailer, which operates both department stores and off-price stores.
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