Solaredge Technologies Receives New Coverage from Analysts at Canaccord Genuity (SEDG) Posted by Jim Brewer on


Canaccord Genuity assumed coverage on shares of Solaredge Technologies (NASDAQ:SEDG) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm issued a buy rating and a $30.00 price objective on the stock.
Canaccord Genuity has also updated their ratings on a number of other stocks in the last week. The firm reiterated its hold rating on shares of Canadian Pacific Railway Limited. Also, Canaccord Genuity reiterated its buy rating on shares of SABMiller plc. They have a GBX 4,010 ($59.99) price target on that stock. Finally, Canaccord Genuity reiterated its hold rating on shares of Rogers Communications Inc..
Shares of Solaredge Technologies (NASDAQ:SEDG) traded up 1.4354% during mid-day trading on Tuesday, hitting $24.0199. The stock had a trading volume of 10,583 shares. Solaredge Technologies has a one year low of $19.4900 and a one year high of $25.7800. The stock’s 50-day moving average is $23.35 and its 200-day moving average is $23.35.
A number of other analysts have also recently weighed in on SEDG. Analysts at Roth Capital initiated coverage on shares of Solaredge Technologies in a research note on Monday. They set a buy rating and a $30.00 price target on the stock. Analysts at Needham & Company LLC initiated coverage on shares of Solaredge Technologies in a research note on Monday. They set a buy rating and a $30.00 price target on the stock. They noted that the move was a valuation call. Analysts at Deutsche Bank initiated coverage on shares of Solaredge Technologies in a research note on Monday. They set a buy rating and a $29.00 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Solaredge Technologies in a research note on Monday. They set a buy rating and a $31.00 price target on the stock. Six investment analysts have rated the stock with a buy rating, Solaredge Technologies presently has a consensus rating of Buy and a consensus price target of $29.67.