Price Target Update on Reynolds American Inc (NYSE:RAI)

Reynolds American Inc (NYSE:RAI) : The highest level Reynolds American Inc (NYSE:RAI) is projected to reach is $58 for the short term and the lowest estimate is at $48. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $54.14 and the possibility the share price can swing is $3.53.

Other Equity analysts have also commented on the company shares. Berenberg initiates coverage on Reynolds American Inc (NYSE:RAI) . Analysts at the Berenberg have a current rating of Hold on the shares. The rating by the firm was issued on June 14, 2016.

Reynolds American Inc (NYSE:RAI): On Thursdays trading session , Opening price of the stock was $51.28 with an intraday high of $51.28. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $50.54. However, the stock managed to close at $50.84, a loss of 0.26% for the day. On the previous day, the stock had closed at $50.97. The total traded volume of the day was 2,763,461 shares.

The company shares have rallied 33.55% from its 1 Year high price. On Mar 10, 2016, the shares registered one year high at $52.54 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $50.45 and the 200 Day Moving Average price is recorded at $49.07. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President and CEO) of Reynolds American Inc, Cameron Susan M. had sold 105,766 shares worth of $5,275,608 in a transaction dated May 9, 2016. In this transaction, 105,766 shares were sold at $49.88 per share.

Reynolds American Inc. (RAI) is a holding company. The Company operates through three segments: RJR Tobacco, American Snuff and Santa Fe. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The American Snuff segment consists of the primary operations of American Snuff Co. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company Inc. (SFNTC). The Companys wholly owned subsidiaries include R. J. Reynolds Tobacco Company, American Snuff Company, LLC (American Snuff Co.), Lorillard, Inc., Santa Fe Natural Tobacco Company, Inc. (SFNTC), R. J. Reynolds Vapor Company (RJR Vapor), Niconovum USA, Inc. and Niconovum AB.

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