RBC Capital Increases Avago Technologies Price Target to $66.00 (AVGO)
Equities researchers at RBC Capital upped their price target on shares of Avago Technologies (NYSE:AVGO) from $64.00 to $66.00 in a research report issued on Wednesday, AnalystRatings.NET reports. RBC Capital’s price objective points to a potential upside of 11.86% from the stock’s previous close.
Shares of Avago Technologies (NYSE:AVGO) traded up 4.92% during mid-day trading on Wednesday, hitting $61.90. The stock had a trading volume of 4,912,497 shares. Avago Technologies has a 52 week low of $30.57 and a 52 week high of $60.00. The stock’s 50-day moving average is $55.94 and its 200-day moving average is $46.83. The company has a market cap of $15.407 billion and a P/E ratio of 26.94.
AVGO has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of Avago Technologies from $50.00 to $65.00 in a research note on Wednesday. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Avago Technologies from $40.00 to $47.00 in a research note on Wednesday. Finally, analysts at Oppenheimer raised their price target on shares of Avago Technologies from $60.00 to $70.00 in a research note on Thursday, February 20th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.25.
Avago Technologies Limited is a designer, developer and global supplier of a range of analog semiconductor devices with a focus on III-V based products.
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