ERock (NYSE:EROC) Coverage Initiated by Analysts at Barclays

Barclays initiated coverage on shares of ERock (NYSE:EROC) in a research note released on Monday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $23.00 target price on the stock.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. began coverage on shares of ERock in a report on Monday. They set an “overweight” rating and a $24.00 price target for the company. Wolfe Research initiated coverage on shares of ERock in a research note on Monday. They issued an “outperform” rating and a $24.00 price target for the company. Morgan Stanley started coverage on shares of ERock in a report on Monday. They set an “overweight” rating and a $21.00 target price on the stock. Bank of America began coverage on shares of ERock in a report on Monday. They issued a “neutral” rating and a $16.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of ERock to a “hold” rating in a research report on Saturday, June 20th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.62.

ERock Price Performance

NYSE:EROC traded down $0.43 during mid-day trading on Monday, hitting $13.83. The company had a trading volume of 47,631 shares, compared to its average volume of 2,514,420. ERock has a 1 year low of $13.02 and a 1 year high of $20.70.