Separately, analysts at Piper Jaffray (NYSE: PJC) cut their price target on shares of Renewable Energy Group from $17.00 to $14.00 in a research note to investors on Thursday, May 10th.
Shares of Renewable Energy Group traded up 2.74% during mid-day trading on Friday, hitting $6.76. Renewable Energy Group has a one year low of $6.46 and a one year high of $10.65. The company has a market cap of $194.7 million and a P/E ratio of 2.38.
Renewable Energy Group, Inc. is an operator, marketer and distributor of biodiesel. During the year ended December 31, 2006, the Company marketed approximately 78 million gallons of biodiesel.