1-800-Flowers.com Shares Up 6% Following Analyst Upgrade (FLWS)
Shares of 1-800-Flowers.com (NASDAQ:FLWS) shot up 6% during trading on Wednesday after Noble Financial raised their price target on the stock from $7.00 to $7.50, American Banking and Market News reports. Noble Financial currently has a buy rating on the stock. 1-800-Flowers.com traded as high as $6.44 and last traded at $6.34, with a volume of 472,305 shares changing hands. The stock had previously closed at $5.98.
Separately, analysts at Northcoast Research upgraded shares of 1-800-Flowers.com from a “neutral” rating to a “buy” rating in a research note on Tuesday. They now have a $11.00 price target on the stock.
The stock has a 50-day moving average of $5.25 and a 200-day moving average of $5.48. The company has a market cap of $402.5 million and a P/E ratio of 39.08.
1-800-FLOWERS.COM, Inc is florist and gift shop. The Company delivers fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and plush stuffed animals.
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