BEST (BSTI) Reaches New 12-Month Low at $9.10
BEST Inc (NYSE:BSTI)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.10 and last traded at $9.42, with a volume of 954000 shares changing hands. The stock had previously closed at $9.65.
Several equities analysts recently issued reports on BSTI shares. Goldman Sachs Group started coverage on BEST in a research report on Sunday, October 15th. They issued a “buy” rating and a $16.60 price target on the stock. Deutsche Bank started coverage on BEST in a research report on Monday, October 16th. They issued a “buy” rating on the stock. Stifel Nicolaus started coverage on BEST in a research report on Monday, October 16th. They issued a “buy” rating and a $16.00 price target on the stock. Credit Suisse Group started coverage on BEST in a research report on Monday, October 16th. They issued an “outperform” rating on the stock. Finally, Oppenheimer started coverage on BEST in a research report on Tuesday. They issued an “outperform” rating and a $13.00 price target on the stock. Eight research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $14.92.
A hedge fund recently bought a new stake in BEST stock. Janney Montgomery Scott LLC bought a new position in shares of BEST Inc (NYSE:BSTI) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 10,600 shares of the company’s stock, valued at approximately $127,000. 13.31% of the stock is owned by institutional investors.
BEST Inc is engaged in providing supply chain solutions. The Company offers a cloud based platform, BEST Cloud which is integration of online and offline retail to offer delivery. It provides technology-enabled solutions to its users. The Company’s service offerings include BEST supply chain management, BEST express, BEST freight, BEST store+, BEST global, BEST cargo and BEST Ucargo.
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