Red Hat Inc using SYMBOL/TICKER code NYSE:RHT has had its stock rating noted as ‘Reiterated’ with the recommendation being set at ‘BUY’ yesterday by analysts at UBS. Red Hat Inc are listed in the Technology sector within NYSE. UBS have set their target price at 90 USD on its stock. This would imply the analyst believes there is a potential upside of 9.7% from the opening price of 82.05 USD.
Red Hat Inc NYSE:RHT has a 50 day moving average of 74.65 USD and a 200 Day Moving Average share price is recorded at 74.29 USD. The 52 week high for the share price is currently at 84.44 USD while the year low share price is currently 59.59 USD. Over the last 30 and 90 trading days the company share price has increased 6.84 points and increased 9.19 points respectively. There are currently 184,107,284 shares in issue with the average daily volume traded being 1,513,815. Market capitalisation for NYSE:RHT is $14,732,264,248.00 USD.
Red Hat Inc provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. Red Hat operates through three geographical segments: the Americas, including the United States, Canada and Latin America; EMEA, including Europe, Middle East and Africa, and Asia Pacific.