In a report released yesterday, Jim Duffy from Stifel Nicolaus maintained a Hold rating on Traeger (COOK – Research Report), with a price target of $4.00. The company’s shares closed last Thursday at $5.29, close to its 52-week low of $4.36.
According to TipRanks.com, Duffy is a 4-star analyst with an average return of 8.3% and a 54.8% success rate. Duffy covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Fox Factory Holding, and Lululemon Athletica.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Traeger with a $9.44 average price target.
The company has a one-year high of $32.59 and a one-year low of $4.36. Currently, Traeger has an average volume of 1.04M.
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Traeger Inc designs, sources, sells and supports wood pellet fueled barbeque grills sold to retailers, distributors, and direct to consumers. It produces and sells the pellets used to fire the grills and also sells Traeger-branded rubs, spices, and sauces, as well as grill accessories including covers, barbeque tools, trays, liners, and merchandise. Its sales are generated majorly from the United States and it develops distribution in Canada and Europe.
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