Rite Aid Corporation (RAD) Receives Price Target

Rite Aid Corporation (RAD) : Currently there are 4 street experts covering Rite Aid Corporation (RAD) stock. The most bullish and bearish price target for the stock is $10 and $9 respectively for the short term. The average price target of all the analysts comes to $9.25. The estimated standard deviation from the target is $0.5.

Rite Aid Corporation (RAD) : 4 analysts are covering Rite Aid Corporation (RAD) and their average rating on the stock is 2.5, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Rite Aid Corporation (NYSE:RAD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.57 and $7.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.54, notching a gain of 0.13% for the day. The total traded volume was 3,536,276 . The stock had closed at $7.53 on the previous day.

Rite Aid Corporation is a retail drugstore chain. The Company sells prescription drugs and a range of other merchandise, which are referred to as front-end products. The Companys drugstores primary business is pharmacy services. It operates approximately 4,570 stores in 31 states across the country and in the District of Columbia. Its front-end products include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise and various other every day and convenience products. The Company offers a range of products through its portfolio of private brands. Its classes of products include prescription drugs, over-the-counter medications and personal care, health and beauty aids, and general merchandise and other. It sells private brand and co-branded products. It operates under The Rite Aid name.

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