Zacks: Brokerages Set $3.50 Price Target for 22nd Century Group Inc (NYSE:XXII)

22nd Century Group Inc (NYSE:XXII) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus target price of $3.50 for the company, according to Zacks. Zacks has also given 22nd Century Group an industry rank of 60 out of 265 based on the ratings given to related companies.

XXII has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of 22nd Century Group from a “hold” rating to a “buy” rating and set a $1.25 price objective on the stock in a research report on Friday, August 26th. Chardan Capital restated a “buy” rating and issued a $4.50 price objective on shares of 22nd Century Group in a research report on Tuesday, July 26th.

Shares of 22nd Century Group (NYSE:XXII) traded down 3.52% on Thursday, hitting $1.37. 990,725 shares of the stock were exchanged. 22nd Century Group has a 52-week low of $0.71 and a 52-week high of $1.75. The company has a 50 day moving average of $1.16 and a 200 day moving average of $0.92. The company’s market cap is $112.61 million.

A hedge fund recently bought a new stake in 22nd Century Group stock. Hudson Bay Capital Management LP acquired a new stake in 22nd Century Group Inc (NYSE:XXII) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10 shares of the company’s stock, valued at approximately $250,000.

About 22nd Century Group

5 Day Chart for NYSE:XXII

Get a free copy of the Zacks research report on 22nd Century Group (XXII)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for 22nd Century Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 22nd Century Group Inc and related companies with's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.