Reynolds American, Inc. (NYSE:RAI) has been assigned a $60.00 price target by equities research analysts at Jefferies Group LLC in a report released on Friday. The brokerage presently has a “hold” rating on the stock. Jefferies Group LLC’s price target points to a potential downside of 8.26% from the stock’s current price.

Several other research firms also recently issued reports on RAI. Piper Jaffray Companies began coverage on Reynolds American in a research note on Thursday, May 25th. They set a “neutral” rating and a $67.00 price target for the company. BidaskClub downgraded Reynolds American from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Vetr upgraded Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price target for the company in a research note on Monday, June 12th. Zacks Investment Research downgraded Reynolds American from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Finally, Cowen and Company reiterated a “hold” rating and set a $65.00 price target on shares of Reynolds American in a research note on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Reynolds American currently has a consensus rating of “Hold” and an average price target of $59.82.

Shares of Reynolds American (RAI) opened at 65.40 on Friday. Reynolds American has a 52 week low of $43.38 and a 52 week high of $67.81. The firm’s 50-day moving average is $65.25 and its 200-day moving average is $64.00.

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Several institutional investors have recently bought and sold shares of the company. Glassman Wealth Services boosted its position in Reynolds American by 0.8% in the second quarter. Glassman Wealth Services now owns 1,568 shares of the company’s stock valued at $102,000 after buying an additional 12 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Reynolds American by 2.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,569 shares of the company’s stock valued at $102,000 after buying an additional 39 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in Reynolds American during the second quarter valued at $103,000. Shine Investment Advisory Services Inc. acquired a new position in Reynolds American during the second quarter valued at $119,000. Finally, Motco boosted its position in Reynolds American by 549.7% in the second quarter. Motco now owns 1,962 shares of the company’s stock valued at $128,000 after buying an additional 1,660 shares in the last quarter. 46.34% of the stock is owned by institutional investors and hedge funds.

About Reynolds American

Reynolds American Inc (RAI) is a holding company. The Company’s segments include RJR Tobacco, which consists of the primary operations of its subsidiary, R. J. Reynolds Tobacco Company; Santa Fe, which consists of the primary operations of its subsidiary, Santa Fe Natural Tobacco Company, Inc, and American Snuff, which consists of the primary operations of its subsidiary, American Snuff Company, LLC.

Analyst Recommendations for Reynolds American (NYSE:RAI)

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