Investment analysts at Citigroup assumed coverage on shares of BEST (NYSE:BSTI) in a research report issued on Tuesday, The Fly reports. The firm set an “outperform” rating and a $13.00 price target on the stock. Citigroup’s price target suggests a potential upside of 38.00% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. J P Morgan Chase & Co began coverage on shares of BEST in a research report on Tuesday, October 17th. They set an “overweight” rating on the stock. Deutsche Bank began coverage on shares of BEST in a research report on Monday, October 16th. They issued a “buy” rating on the stock. Stifel Nicolaus began coverage on shares of BEST in a research report on Monday, October 16th. They issued a “buy” rating and a $16.00 price target on the stock. Credit Suisse Group began coverage on shares of BEST in a research report on Monday, October 16th. They issued an “outperform” rating on the stock. Finally, KeyCorp began coverage on shares of BEST in a research report on Monday, October 16th. They issued an “overweight” rating and a $16.00 price target on the stock. Seven analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $15.40.

Shares of BEST (NYSE BSTI) opened at $9.42 on Tuesday. BEST has a 1 year low of $9.23 and a 1 year high of $13.25.

An institutional investor recently bought a new position in BEST stock. Janney Montgomery Scott LLC purchased a new position in BEST Inc (NYSE:BSTI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,600 shares of the company’s stock, valued at approximately $127,000. Hedge funds and other institutional investors own 13.31% of the company’s stock.

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BEST Company Profile

BEST Inc is engaged in providing supply chain solutions. The Company offers a cloud based platform, BEST Cloud which is integration of online and offline retail to offer delivery. It provides technology-enabled solutions to its users. The Company’s service offerings include BEST supply chain management, BEST express, BEST freight, BEST store+, BEST global, BEST cargo and BEST Ucargo.

The Fly

Analyst Recommendations for BEST (NYSE:BSTI)

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