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Noble Financial Thinks Bassett Furniture’s Stock is Going to Recover

Noble Financial analyst Joe Gomes maintained a Buy rating on Bassett Furniture (BSETResearch Report) today and set a price target of $32.00. The company’s shares closed last Thursday at $16.56, close to its 52-week low of $13.16.

According to TipRanks.com, Gomes is a 5-star analyst with an average return of 15.0% and a 48.1% success rate. Gomes covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Voyager Digital (Canada), and One Stop Systems.

Bassett Furniture has an analyst consensus of Moderate Buy, with a price target consensus of $32.00.

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The company has a one-year high of $37.00 and a one-year low of $13.16. Currently, Bassett Furniture has an average volume of 104.8K.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BSET in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Bassett Furniture Industries, Inc. manufactures, markets and retails home furnishings. It operates through the following segments: Wholesale, Retail, and Logistical Services. The Wholesale segment focuses on the design, manufacture, sourcing, sale and distribution of furniture products. The Retail segment consists of local furniture stores, regional furniture retailers, national department, chain stores and single-vendor branded retailers. The Logistical Services segment offers shipping, delivery, and warehousing services. The company was founded by John David Bassett, Sr. in 1902 and is headquartered in Bassett, VA.

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