BEST Inc (BSTI) Given Average Rating of “Buy” by Analysts

BEST Inc (NYSE:BSTI) has been given an average rating of “Buy” by the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is $14.92.

Several equities analysts have recently commented on BSTI shares. Goldman Sachs Group started coverage on BEST in a report on Sunday, October 15th. They set a “buy” rating and a $16.60 target price for the company. J P Morgan Chase & Co assumed coverage on BEST in a research report on Tuesday, October 17th. They set an “overweight” rating for the company. Deutsche Bank assumed coverage on BEST in a research report on Monday, October 16th. They set a “buy” rating for the company. KeyCorp assumed coverage on BEST in a research report on Monday, October 16th. They set an “overweight” rating and a $16.00 price objective for the company. Finally, Stifel Nicolaus assumed coverage on BEST in a research report on Monday, October 16th. They set a “buy” rating and a $16.00 price objective for the company.

Shares of BEST (BSTI) opened at $9.04 on Wednesday. BEST has a fifty-two week low of $8.93 and a fifty-two week high of $13.25.

A hedge fund recently bought a new stake in BEST stock. Janney Montgomery Scott LLC bought a new position in BEST Inc (NYSE:BSTI) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,600 shares of the company’s stock, valued at approximately $127,000. 13.31% of the stock is owned by institutional investors.

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About BEST

BEST Inc is engaged in providing supply chain solutions. The Company offers a cloud based platform, BEST Cloud which is integration of online and offline retail to offer delivery. It provides technology-enabled solutions to its users. The Company’s service offerings include BEST supply chain management, BEST express, BEST freight, BEST store+, BEST global, BEST cargo and BEST Ucargo.

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