In a report released on January 16, Nik Modi from RBC Capital maintained a Hold rating on Traeger (COOK – Research Report), with a price target of $3.50. The company’s shares closed yesterday at $2.24.
According to TipRanks, Modi is a 5-star analyst with an average return of 6.6% and a 60.92% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Constellation Brands, The Hershey Company, and Duckhorn Portfolio.
Traeger has an analyst consensus of Hold, with a price target consensus of $3.96.
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The company has a one-year high of $6.70 and a one-year low of $2.05. Currently, Traeger has an average volume of 488.9K.
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Traeger (COOK) Company Description:
Traeger Inc designs, sources, sells and supports wood pellet fueled barbeque grills sold to retailers, distributors, and direct to consumers. It produces and sells the pellets used to fire the grills and also sells Traeger-branded rubs, spices, and sauces, as well as grill accessories including covers, barbeque tools, trays, liners, and merchandise. Its sales are generated majorly from the United States and it develops distribution in Canada and Europe.
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