Deutsche Bank AG Begins Coverage on Smart Global Holdings Inc (SGH)
Research analysts at Deutsche Bank AG started coverage on shares of Smart Global Holdings Inc (NYSE:SGH) in a research report issued to clients and investors on Monday, The Fly reports. The firm set a “buy” rating on the stock.
Separately, Barclays PLC assumed coverage on shares of Smart Global Holdings in a research report on Monday. They set an “overweight” rating and a $19.00 price target on the stock. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Smart Global Holdings presently has an average rating of “Buy” and an average price target of $22.20.
Smart Global Holdings (NYSE:SGH) traded up 1.63% during midday trading on Monday, reaching $15.55. 94,491 shares of the company’s stock were exchanged. The firm’s market capitalization is $217.86 million. The stock’s 50 day moving average is $14.54 and its 200 day moving average is $14.54. Smart Global Holdings has a 52 week low of $11.50 and a 52 week high of $17.25.
In other Smart Global Holdings news, major shareholder Lake Sumeru (Offshore) Silver purchased 1,500,000 shares of Smart Global Holdings stock in a transaction on Tuesday, May 30th. The shares were purchased at an average cost of $11.00 per share, with a total value of $16,500,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Smart Global Holdings Company Profile
Smart Global Holdings Inc is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions.
Receive News & Ratings for Smart Global Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart Global Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.