Newcastle Investment Corp Price Target Raised to $11.25 at KBW (NCT)
Newcastle Investment Corp (NYSE: NCT) had its target price upped by KBW from $10.50 to $11.25 in a research note issued to investors on Thursday. The firm currently has an outperform rating on the stock.
Shares of Newcastle Investment Corp opened at 11.27 on Thursday. Newcastle Investment Corp has a one year low of $5.92 and a one year high of $11.40. The stock’s 50-day moving average is currently $10.75. The company has a market cap of $2.852 billion and a P/E ratio of 3.83.
NCT has been the subject of a number of other recent research reports. Analysts at UBS AG raised their price target on shares of Newcastle Investment Corp to $14.00 in a research note to investors on Thursday. Separately, analysts at Credit Suisse raised their price target on shares of Newcastle Investment Corp from $10.50 to $11.50 in a research note to investors on Tuesday, February 26th. They now have an outperform rating on the stock. Finally, analysts at Zacks upgraded shares of Newcastle Investment Corp from an underperform rating to a neutral rating in a research note to investors on Monday, January 14th. They now have a $10.00 price target on the stock.
Newcastle Investment Corp. (Newcastle) is a real estate related investment and finance company. Newcastle invests in, and actively manages a portfolio of, real estate securities, loans and other real estate related assets.
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