Chardan Capital analyst James McIlree reiterated a Buy rating on 22nd Century (XXII) today and set a price target of $11.50. The company’s shares closed yesterday at $1.51.
According to TipRanks.com, McIlree ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -6.7% and a 35.6% success rate. McIlree covers the Consumer Goods sector, focusing on stocks such as Foresight Autonomous Holdings Ltd, Vuzix Corporation, and Arcimoto Inc.
22nd Century has an analyst consensus of Moderate Buy, with a price target consensus of $11.50.
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The company has a one-year high of $3.29 and a one-year low of $1.12. Currently, 22nd Century has an average volume of 1.22M.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock.
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22nd Century Group, Inc. is a plant biotechnology company, which engages in the development of technology that will allow to increase or decrease the level of nicotine and nicotinic alkaloids in tobacco plants and levels of cannabinoids in cannabis plants through genetic engineering and plant breeding.
