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Investment analysts at Citigroup Inc. initiated coverage on shares of GoPro (NASDAQ:GPRO) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.

GPRO has been the subject of a number of other recent research reports. Analysts at Piper Jaffray initiated coverage on shares of GoPro in a research note on Monday. They set an “overweight” rating and a $48.00 price target on the stock. Separately, analysts at Stifel Nicolaus initiated coverage on shares of GoPro in a research note on Monday. They set a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of GoPro in a research note on Monday. They set an “overweight” rating and a $51.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $45.43.

Shares of GoPro (NASDAQ:GPRO) traded up 3.07% during mid-day trading on Monday, hitting $42.70. The stock had a trading volume of 3,467,783 shares. GoPro has a 52-week low of $28.65 and a 52-week high of $49.90. The stock’s 50-day moving average is $40.71 and its 200-day moving average is $40.71. The company has a market cap of $5.258 billion and a price-to-earnings ratio of 104.89.

GoPro, Inc, formerly Woodman Labs, Inc, develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing and enjoying engaging content.

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