Wall Street is positive on Reading International, Inc. Class A (RDI). On average, analysts give the stock a Strong Buy rating. The average price target is $17, which means analysts expect the stock to climb by 377.53% over the next twelve months.
That average ranking earns the stock an Analyst Rating of 80, which is better than 80% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Reading International, Inc. Class A Stock Today?
Reading International, Inc. Class A (RDI) stock is trading at $3.56 as of 3:06 PM on Thursday, Sep 24, a rise of $0.43, or 13.74% from the previous closing price of $3.13. The stock has traded between $3.05 and $3.93 so far today. Volume today is more active than usual. So far 307,647 shares have traded compared to average volume of 76,619 shares.
Click Here to get the full report on Reading International, Inc. Class A (RDI) Stock.
