Price Target Update on Best Buy Co. (NYSE:BBY)

Best Buy Co. (NYSE:BBY) stock is expected to deviate a maximum of $6.57 from the average target price of $33.27 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $45 and the most muted being $21.

Other Equity analysts have also commented on the company shares. Longbow Research initiates coverage on Best Buy Co. (NYSE:BBY). The shares have now been rated Neutral by the stock experts at the ratings house. The rating by the firm was issued on June 16, 2016.

Best Buy Co. (NYSE:BBY): stock turned positive on Thursday. Though the stock opened at $30.36, the bulls momentum made the stock top out at $30.885 level for the day. The stock recorded a low of $30.255 and closed the trading day at $30.43, in the green by 1.26%. The total traded volume for the day was 3,339,479. The stock had closed at $30.05 in the previous days trading.

The company shares have dropped -11.17% from its 1 Year high price. On Sep 17, 2015, the shares registered one year high at $39.10 and the one year low was seen on Jan 15, 2016. The 50-Day Moving Average price is $31.25 and the 200 Day Moving Average price is recorded at $30.84. 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 (Chairman & CEO) of Best Buy Co Inc, Joly Hubert had sold 398,000 shares worth of $12,831,520 in a transaction dated June 2, 2016. In this transaction, 398,000 shares were sold at $32.24 per share.

Best Buy Co., Inc. is a provider of technology products, services and solutions. The Company offers service to the consumers, small business owners and educators, who visit its stores, engage with Geek Squad agents or use its Websites or mobile applications. It has retail and online operations in the United States, Canada and Mexico. It operates through two segments: Domestic and International. The Domestic segment consists of all operations within the United States and its territories, operating e-commerce, retail store and call center operations under a range of brand names, including, Best Buy (, Best Buy Mobile, Geek Squad, Magnolia Audio Video and Pacific Sales. The International segment consists of all operations outside the United States and its territories. In addition, the Company operates Magnolia Home Theater, Magnolia Design Center and Pacific Kitchen and Home store-within-a-store experiences in the United States Best Buy stores.

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