Barrington Sticks to Their Buy Rating for Castle Brands

Barrington analyst Christopher Howe reiterated a Buy rating on Castle Brands (NYSE MKT: ROX) today and set a price target of $2. The company’s shares closed on Friday at $1.26.

According to TipRanks.com, Howe is a 1-star analyst with an average return of -6.4% and a 0.0% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as ASV Holdings Inc, Kadant Inc, and Woodward.

Castle Brands has an analyst consensus of Moderate Buy, with a price target consensus of $2.

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Based on Castle Brands’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $465.6K. In comparison, last year the company had a net profit of $191.4K.

Based on the recent corporate insider activity of 23 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 ROX in relation to earlier this year. Earlier this month, John S. Glover, the EVP & COO of ROX bought 15,400 shares for a total of $3,234.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Castle Brands, Inc. is engaged in the importation, marketing and sale of premium and super premium brands of rums, whiskey, liqueurs, vodka and tequila in the United States, Canada, Europe and Asia. It offers premium brands in beverage alcohol categories: rum, whiskey, liqueurs, vodka, tequila, and wine.