Reformation (NYSE:REF) Stock Rating Upgraded by Royal Bank Of Canada

Reformation (NYSE:REF) was upgraded by analysts at Royal Bank Of Canada to a “moderate buy” rating in a report issued on Monday,Zacks.com reports.

Several other equities research analysts also recently issued reports on REF. Citigroup started coverage on Reformation in a research report on Monday. They set a “buy” rating and a $20.00 target price on the stock. Guggenheim initiated coverage on Reformation in a report on Monday. They set a “buy” rating and a $20.00 target price for the company. Robert W. Baird started coverage on Reformation in a research report on Monday. They set an “outperform” rating and a $19.00 price target on the stock. William Blair began coverage on shares of Reformation in a report on Monday. They issued an “outperform” rating on the stock. Finally, Telsey Advisory Group began coverage on shares of Reformation in a research report on Monday. They issued an “outperform” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Reformation presently has an average rating of “Buy” and an average price target of $19.25.

Reformation Stock Performance

REF stock opened at $14.43 on Monday. Reformation has a fifty-two week low of $14.20 and a fifty-two week high of $17.26.

Insider Buying and Selling

In other Reformation news, major shareholder Scsp Refo sold 2,987,199 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $13.95, for a total value of $41,671,426.05. Following the completion of the transaction, the insider owned 29,091,749 shares of the company’s stock, valued at $405,829,898.55. The trade was a 9.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Yael Aflalo sold 1,204,029 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $13.95, for a total transaction of $16,796,204.55. Following the completion of the transaction, the director directly owned 11,725,803 shares in the company, valued at $163,574,951.85. The trade was a 9.31% decrease in their position. The disclosure for this sale is available in the SEC filing.

Reformation Company Profile

Reformation Inc provide sustainable womenswear brand. Reformation Inc is based in LOS ANGELES.