Barrington Research Reiterates “$1.00” Price Target for Castle Brands (ROX)

Castle Brands (NYSEAMERICAN:ROX) has been assigned a $1.00 price objective by equities research analysts at Barrington Research in a research report issued to clients and investors on Friday, TipRanks reports. The firm presently has a “buy” rating on the stock. Barrington Research’s target price would indicate a potential upside of 61.29% from the stock’s current price.

ROX has been the topic of several other reports. Zacks Investment Research raised shares of Castle Brands from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 16th. Maxim Group began coverage on shares of Castle Brands in a report on Friday, May 3rd. They issued a “hold” rating on the stock. Finally, TheStreet lowered shares of Castle Brands from a “c-” rating to a “d” rating in a report on Tuesday, February 19th.

ROX stock traded down $0.05 during mid-day trading on Friday, hitting $0.62. The stock had a trading volume of 304,800 shares, compared to its average volume of 281,559. Castle Brands has a 52 week low of $0.54 and a 52 week high of $1.42.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Castle Brands by 0.3% during the 4th quarter. BlackRock Inc. now owns 4,742,901 shares of the company’s stock valued at $4,034,000 after purchasing an additional 13,072 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Castle Brands by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 4,442,006 shares of the company’s stock valued at $4,753,000 after purchasing an additional 20,410 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Castle Brands by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 854,698 shares of the company’s stock valued at $726,000 after purchasing an additional 35,559 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Castle Brands by 27.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 257,454 shares of the company’s stock valued at $180,000 after purchasing an additional 56,154 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Castle Brands by 19.5% during the 1st quarter. Wells Fargo & Company MN now owns 192,464 shares of the company’s stock valued at $134,000 after purchasing an additional 31,409 shares during the last quarter.

About Castle Brands

Castle Brands Inc, together with its subsidiaries, develops, markets, imports, and sells beverage alcohol and non-alcoholic beverage products in the United States, Canada, Europe, and Asia. The company offers premium and super premium rums, whiskey, liqueurs, vodka, tequila, wine, amaretto, and other spirits, as well as ginger beer and ready-to-drink cocktails.

See Also: Exchange-Traded Funds (ETFs)

Receive News & Ratings for Castle Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Castle Brands and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply