Equities researchers at Deutsche Bank AG initiated coverage on shares of BEST Inc (NASDAQ:BSTI) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the company. Credit Suisse Group assumed coverage on BEST in a research note on Monday. They set an “outperform” rating for the company. Stifel Nicolaus assumed coverage on BEST in a research note on Monday. They set a “buy” rating and a $16.00 target price for the company. KeyCorp assumed coverage on BEST in a research note on Monday. They set an “overweight” rating and a $16.00 target price for the company. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on BEST in a research note on Sunday. They set a “buy” rating and a $16.60 target price for the company. Six equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $16.20.
BEST (NASDAQ:BSTI) opened at 11.75 on Monday. BEST has a 12 month low of $10.31 and a 12 month high of $13.25. The company’s market cap is $2.67 billion. The firm has a 50-day moving average price of $11.36 and a 200 day moving average price of $11.36.
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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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