Canaccord Genuity Initiates Coverage on Clarus Corp (DE) (BDE)
Equities research analysts at Canaccord Genuity initiated coverage on shares of Clarus Corp (DE) (NYSE: BDE) in a research note issued to investors on Wednesday. The firm set a “buy” rating and a $12.50 price target on the stock.
A number of other firms have also recently commented on BDE. Analysts at Needham & Company reiterated a “strong-buy” rating on shares of Clarus Corp (DE) in a research note to investors on Tuesday. Separately, analysts at Oppenheimer (NYSE: OPY) reiterated an “outperform” rating on shares of Clarus Corp (DE) in a research note to investors on Wednesday, April 4th.
Shares of Clarus Corp (DE) traded up 1.69% during mid-day trading on Wednesday, hitting $9.61. Clarus Corp (DE) has a one year low of $6.00 and a one year high of $10.10. The company has a market cap of $294.8 million and a P/E ratio of 34.36.
Clarus Corporation (Clarus) was formerly a provider of e-commerce business solutions. In December 2002, the Company completed the sale of substantially all its business assets.