Rite Aid Corporation – Consensus Indicates Potential 32.7% Upside

Broker Ratings

Rite Aid Corporation found using ticker (RAD) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Underperform’. The range between the high target price and low target price is between 16 and 12 and has a mean target at 14. Now with the previous closing price of 10.55 this is indicating there is a potential upside of 32.7%. The day 50 moving average is 12.28 and the 200 moving average now moves to 15.16. The company has a market cap of $571m. Find out more information at: https://www.riteaid.com

The potential market cap would be $758m based on the market concensus.

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Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment sells prescription drugs and an assortment of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, pet care, and other every day and convenience products, as well as brand and generic prescription drugs. It also operates retail clinics that provide treatment for common conditions; and provides preventative services. In addition, this segment offers healthcare coaching and disease management services. The Pharmacy Services segment provides integrated suite of pharmacy benefit management (PBM) offerings, including technology solutions, mail delivery services, specialty pharmacy, network and rebate administration, claims adjudication, and pharmacy discount programs, as well as drug benefits under the federal government’s Medicare Part D program and insurance offerings for individuals and groups. This segment serves health plans, commercial employers, labor groups, and state and local governments. As of April 28, 2021, the company operated approximately 2,500 retail pharmacy locations in 17 states. Rite Aid Corporation was founded in 1962 and is headquartered in Camp Hill, Pennsylvania.

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