B.Riley Financial analyst Eric Wold reiterated a Buy rating on iMedia Brands (IMBI – Research Report) today and set a price target of $3.00. The company’s shares closed yesterday at $0.46.
Wold covers the Services sector, focusing on stocks such as AMC Entertainment, SeaWorld, and Cinemark Holdings. According to TipRanks, Wold has an average return of 5.2% and a 43.03% success rate on recommended stocks.
Currently, the analyst consensus on iMedia Brands is a Moderate Buy with an average price target of $3.00.
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The company has a one-year high of $6.64 and a one-year low of $0.44. Currently, iMedia Brands has an average volume of 237.7K.
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iMedia Brands, Inc. is a multichannel electronic retailer that markets, sells, and distributes products to consumers through television, online, mobile, and social media. Its product ShopNBC, is distributed primarily through cable and satellite affiliation agreements, and markets brand name and private label products in the categories of jewelry and watches; home and electronics; beauty, health and fitness; and fashion and accessories. It also operates ShopNBC.com, an e-commerce platform that sells products appearing on its television shopping channel and an extended assortment of online-only merchandise. EVINE Live was founded on June 25, 1990 and is headquartered in Eden Prairie, MN.
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