Reynolds American Inc (RAI) Receives Price Target

Reynolds American Inc (RAI) : The highest short term price target forecast on Reynolds American Inc (RAI) is $61 and the lowest target price is $52. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $55 with a standard deviation of $3.12.

Reynolds American Inc (RAI) : Zacks Investment Research ranks Reynolds American Inc (RAI) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2, which indicates as a Buy.


Also, UBS initiates coverage on Reynolds American Inc (NYSE:RAI) . Analysts at the UBS have a current rating of Neutral on the shares. The rating by the firm was issued on August 25, 2016.

Reynolds American Inc (NYSE:RAI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.50 and $49.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.75, notching a gain of 0.36% for the day. The total traded volume was 2,552,245 . The stock had closed at $49.57 on the previous day.

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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