Arch Coal Hits New 1-Year Low at $2.82 (ACI)
Arch Coal (NYSE:ACI)’s share price reached a new 52-week low during mid-day trading on Monday , American Banking News reports. The stock traded as low as $2.82 and last traded at $2.84, with a volume of 1,921,484 shares changing hands. The stock had previously closed at $2.89.
Several analysts have recently commented on the stock. Analysts at Howard Weil cut their price target on shares of Arch Coal from $6.00 to $5.00 in a research note on Monday, July 21st. They now have a “sector perform” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Arch Coal in a research note on Monday, July 14th. They now have a $3.80 price target on the stock, down previously from $4.70. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Arch Coal in a research note on Friday, June 6th. They now have a $3.50 price target on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $4.45.
The stock’s 50-day moving average is $3.39 and its 200-day moving average is $4.07. The company’s market cap is $607.1 million.
Arch Coal, Inc (NYSE:ACI) is the coal producer.
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