Regal Beloit Receives a Hold from Jefferies

By Carrie Williams

In a report issued on September 12, Bhupender Bohra from Jefferies reiterated a Hold rating on Regal Beloit (NYSE: RBC), with a price target of $80. The company’s shares opened today at $77.80.

According to TipRanks.com, Bohra is a 5-star analyst with an average return of 29.0% and a 78.4% success rate. Bohra covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, Northwest Pipe Company, and Ceco Environmental.

Currently, the analyst consensus on Regal Beloit is Moderate Buy and the average price target is $84, representing a 8.0% upside.

In a report issued on September 5, Stifel Nicolaus also reiterated a Hold rating on the stock with a $74 price target.

The company has a one year high of $87.50 and a one year low of $56.45. Currently, Regal Beloit has an average volume of 270.1K.

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Regal Beloit Corp. engages in the manufacture of electric motors, electrical motion controls, power generation, and power transmission products. It operates through the following segments: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions.