22nd Century Group Inc (XXII) Price Target Raised to $11.50

22nd Century Group Inc (AMEX:XXII) had its target price upped by equities research analysts at Chardan Capital from $3.50 to $11.50 in a report released on Monday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Chardan Capital’s target price would suggest a potential upside of 330.71% from the stock’s current price.

22nd Century Group (AMEX XXII) traded up 0.712% during trading on Monday, reaching $2.689. The company had a trading volume of 2,048,948 shares. 22nd Century Group has a 52-week low of $0.81 and a 52-week high of $3.50. The stock has a 50 day moving average price of $2.76 and a 200-day moving average price of $1.93. The company’s market capitalization is $276.32 million.

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