Brokerages Set $5.62 Price Target for Ricoh Co Ltd (RICOY)

Brokerages Set $5.62 Price Target for Ricoh Co Ltd (RICOY)

Ricoh Co Ltd (NASDAQ:RICOY) has been given a consensus broker rating score of 3.50 (Sell) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a sell recommendation and one has assigned a hold recommendation to the company.

Brokers have set a 1-year consensus price target of $5.62 for the company, according to Zacks. Zacks has also assigned Ricoh Co an industry rank of 55 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded Ricoh Co from a “sell” rating to a “hold” rating in a report on Wednesday, March 1st.

Shares of Ricoh Co (NASDAQ:RICOY) remained flat at $8.95 during midday trading on Wednesday. The company has a market cap of $6.49 billion and a price-to-earnings ratio of 47.35. The firm has a 50 day moving average of $8.67 and a 200 day moving average of $8.69. Ricoh Co has a 52-week low of $7.93 and a 52-week high of $10.81.

Ricoh Co Company Profile

Ricoh Company, Ltd. is engaged in integrated domestic and overseas manufacturing services. The Company’s segments include Imaging & Solutions, Industrial Products and Other. The Company’s Imaging & Solutions segment is engaged in office imaging, production printing and network system solutions. The Company’s Industrial Products segment is engaged in manufacturing and sales of thermal media, optical equipment, semiconductors, electronic component and Inkjet head.

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