In a report released today, Mark Argento from Lake Street maintained a Buy rating on Heritage Global (HGBL – Research Report), with a price target of $5.00. The company’s shares closed yesterday at $2.48.
According to TipRanks, Argento is ranked #969 out of 8801 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Heritage Global with a $4.67 average price target, implying an 88.31% upside from current levels. In a report released on May 3, Craig-Hallum also assigned a Buy rating to the stock with a $4.00 price target.
The company has a one-year high of $4.08 and a one-year low of $2.33. Currently, Heritage Global has an average volume of 77.54K.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HGBL in relation to earlier this year.
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Heritage Global (HGBL) Company Description:
Heritage Global Inc is a diversified financial services company. The firm provides acquisition, disposition, valuation, and lending services for surplus and distressed assets. It specializes in acting as an adviser, as well as acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, accounts receivable portfolios, and intellectual property.
