Best Buy Co Given Consensus Rating of “Buy” by Analysts (NYSE:BBY)
Shares of Best Buy Co (NYSE:BBY) have received a consensus recommendation of “Buy” from the twenty-one analysts that are presently covering the stock, American Banking News reports. Four investment analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $40.92.
A number of analysts have recently weighed in on BBY shares. Analysts at Piper Jaffray reiterated a “buy” rating on shares of Best Buy Co in a research note on Friday. Separately, analysts at Citigroup Inc. raised their price target on shares of Best Buy Co from $31.00 to $36.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley reiterated a “buy” rating on shares of Best Buy Co in a research note on Wednesday, June 25th.
Best Buy Co (NYSE:BBY) opened at 31.99 on Friday. Best Buy Co has a one year low of $22.15 and a one year high of $44.66. The stock has a 50-day moving average of $30.33 and a 200-day moving average of $27.58. The company has a market cap of $11.158 billion and a P/E ratio of 10.19.
Best Buy Co, Inc is a multinational, multichannel retailer of technology products, including tablets and computers, televisions, mobile phones, large and small appliances, entertainment products, digital imaging and related accessories.
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