ERock, Inc. (NYSE:EROC) Given Average Rating of “Moderate Buy” by Brokerages

Shares of ERock, Inc. (NYSE:EROC) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $22.6250.

Several equities analysts have recently issued reports on the company. BNP Paribas Exane set a $22.00 price objective on ERock and gave the company an “outperform” rating in a report on Monday. Zacks Research upgraded ERock to a “hold” rating in a research report on Tuesday. Morgan Stanley assumed coverage on shares of ERock in a research note on Monday, July 6th. They set an “overweight” rating and a $21.00 target price for the company. Wall Street Zen upgraded ERock to a “hold” rating in a research note on Saturday, June 20th. Finally, JPMorgan Chase & Co. initiated coverage on ERock in a report on Monday, July 6th. They set an “overweight” rating and a $24.00 target price for the company.

ERock Stock Performance

EROC stock opened at $13.30 on Monday. ERock has a 12 month low of $12.76 and a 12 month high of $20.70.