Cree, Inc. reiterated as Neutral By UBS Securities
In an analyst rating update on Wednesday shares of Cree, Inc. (NASDAQ:CREE) had their rating reiterated by analysts at UBS Securities.
The broker said it has now set a ‘Neutral’ rating on shares of Cree, Inc. with a price target of 19. The price target according to the broker shows a possible decrease of -14.99% from the current stock price of 22.35.
The companies 50 day moving average is 24.77 and its 200 day moving average is 25.08. The 52 week high Cree, Inc.’s shares have peaked at is 32.92 whilst the 52 week low for the company’s shares is 21.5.
Cree, Inc. has 100,663,000 shares which are currently outstanding with a price of 22.35 calculating Cree, Inc.’s market capitalisation to 2.25B USD .
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