Cengage Learning Upgraded to Outperform by Imperial Capital (CNGO)
Cengage Learning (NASDAQ:CNGO) was upgraded by equities research analysts at Imperial Capital from an “in” rating to an “outperform” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $51.00 price objective on the stock, up from their previous price objective of $34.00. Imperial Capital’s target price would indicate a potential upside of 38.78% from the company’s current price.
Cengage Learning (NASDAQ:CNGO) traded up 1.03% on Thursday, hitting $36.75. The stock had a trading volume of 50,000 shares. Cengage Learning has a 1-year low of $36.25 and a 1-year high of $37.625. The stock has a 50-day moving average of $36.77 and a 200-day moving average of $36.77.
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