RONA Given Consensus Rating of “Hold” by Analysts (TSE:RON)
RONA (TSE:RON) has been given an average recommendation of “Hold” by the eight analysts that are currently covering the stock, American Banking News.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$12.10.
A number of research firms have recently commented on RON. Analysts at National Bank Financial raised their price target on shares of RONA from C$11.50 to C$12.00 in a research note on Tuesday, August 5th. They now have a “sector perform” rating on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of RONA from C$13.50 to C$11.00 in a research note on Tuesday, August 5th. They now have a “market perform” rating on the stock. Finally, analysts at NBF raised their price target on shares of RONA from C$11.50 to C$12.00 in a research note on Tuesday, August 5th. They now have a “sector perform” rating on the stock.
Shares of RONA (TSE:RON) opened at 12.09 on Wednesday. RONA has a one year low of $10.61 and a one year high of $13.54. The stock’s 50-day moving average is $11.76 and its 200-day moving average is $11.53. The company’s market cap is $1.454 billion.
RONA (TSE:RON) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.12) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.12). On average, analysts predict that RONA will post $0.67 earnings per share for the current fiscal year.
RONA inc. is a Canada-based distributor and retailer of hardware, home improvement and gardening products.
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