Switch Inc (SWCH) Receives New Coverage from Analysts at Raymond James Financial, Inc.
A number of other analysts have also recently commented on SWCH. BTIG Research initiated coverage on shares of Switch in a research report on Tuesday. They issued a buy rating and a $22.00 price objective for the company. William Blair began coverage on shares of Switch in a research report on Tuesday. They issued an outperform rating for the company. J P Morgan Chase & Co began coverage on Switch in a report on Tuesday. They set an overweight rating and a $22.00 target price for the company. Wells Fargo & Company began coverage on Switch in a report on Tuesday. They set a market perform rating for the company. Finally, Citigroup Inc. began coverage on Switch in a report on Tuesday. They set a neutral rating and a $22.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $22.20.
Shares of Switch (NASDAQ:SWCH) traded down 1.05% during trading on Tuesday, hitting $18.93. The company had a trading volume of 641,052 shares. Switch has a 12-month low of $18.51 and a 12-month high of $24.90. The firm has a 50 day moving average of $19.30 and a 200 day moving average of $19.30. The stock’s market cap is $680.31 million.
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In related news, insider Erin Thomas Morton purchased 300,000 shares of the stock in a transaction on Wednesday, October 11th. The shares were purchased at an average cost of $17.00 per share, with a total value of $5,100,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Switch Company Profile
Switch, Inc is a technology infrastructure company. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems. The Company designs, constructs and operates hyperscale data centers that address the growing challenges facing the data center industry.
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