Barclays Initiates Coverage on ERock (NYSE:EROC)

Stock analysts at Barclays began coverage on shares of ERock (NYSE:EROC) in a research note issued on Monday. The brokerage set an “overweight” rating and a $23.00 price target on the stock. Barclays‘s price objective suggests a potential upside of 47.25% from the company’s current price.

A number of other research firms have also commented on EROC. JPMorgan Chase & Co. started coverage on ERock in a report on Monday. They issued an “overweight” rating and a $24.00 price target for the company. Guggenheim began coverage on ERock in a research note on Monday. They set a “buy” rating and a $23.00 price objective on the stock. Morgan Stanley started coverage on ERock in a research note on Monday. They set an “overweight” rating and a $21.00 price objective on the stock. Bank of America assumed coverage on ERock in a report on Monday. They set a “neutral” rating and a $16.00 price objective on the stock. Finally, Wall Street Zen upgraded ERock to a “hold” rating in a research note on Saturday, June 20th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, ERock presently has a consensus rating of “Moderate Buy” and an average price target of $22.62.

ERock Stock Performance

EROC opened at $15.62 on Monday. ERock has a twelve month low of $13.02 and a twelve month high of $20.70.