Smart Global Holdings Inc (NYSE:SGH) has been assigned a consensus rating of “Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $22.20.

SGH has been the topic of several recent analyst reports. Needham & Company LLC initiated coverage on Smart Global Holdings in a research note on Monday. They set a “strong-buy” rating and a $20.00 target price on the stock. Stifel Nicolaus initiated coverage on Smart Global Holdings in a research note on Monday. They set a “buy” rating and a $27.00 target price on the stock. Deutsche Bank AG initiated coverage on Smart Global Holdings in a research note on Monday. They set a “buy” rating on the stock. Jefferies Group LLC initiated coverage on Smart Global Holdings in a research note on Monday. They set a “buy” rating and a $21.00 target price on the stock. Finally, Barclays PLC initiated coverage on Smart Global Holdings in a research note on Monday. They set an “overweight” rating and a $19.00 target price on the stock.

In other Smart Global Holdings news, major shareholder Lake Sumeru (Offshore) Silver bought 1,500,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were acquired at an average cost of $11.00 per share, for a total transaction of $16,500,000.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Smart Global Holdings (NYSE:SGH) traded up 0.235% during mid-day trading on Monday, reaching $15.336. The company had a trading volume of 99,691 shares. Smart Global Holdings has a one year low of $11.50 and a one year high of $17.25. The company has a 50 day moving average price of $14.54 and a 200 day moving average price of $14.54. The company’s market capitalization is $214.86 million.

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About Smart Global Holdings

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.

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