Zacks: 22nd Century Group Inc (XXII) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Shares of 22nd Century Group Inc (NYSE:XXII) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Analysts have set a twelve-month consensus target price of $3.50 for the company, according to Zacks. Zacks has also given 22nd Century Group an industry rank of 106 out of 265 based on the ratings given to related companies.

A number of research analysts have commented on the company. Zacks Investment Research downgraded 22nd Century Group from a “buy” rating to a “sell” rating in a research note on Wednesday, May 24th. Chardan Capital restated a “buy” rating and issued a $3.50 target price on shares of 22nd Century Group in a research note on Tuesday, March 7th.

An institutional investor recently raised its position in 22nd Century Group stock. National Asset Management Inc. boosted its position in shares of 22nd Century Group Inc (NYSE:XXII) by 13.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,000 shares of the biotechnology company’s stock after buying an additional 20,700 shares during the period. National Asset Management Inc. owned about 0.19% of 22nd Century Group worth $204,000 at the end of the most recent reporting period.

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