Rocket Companies (NYSE:RKT) Trading 13.7% Higher

Rocket Companies Inc (NYSE:RKT)’s stock price rose 13.7% during mid-day trading on Thursday . The company traded as high as $22.93 and last traded at $22.66. Approximately 26,790,223 shares changed hands during trading, an increase of 36% from the average daily volume of 19,766,848 shares. The stock had previously closed at $19.93.

RKT has been the topic of a number of recent research reports. Royal Bank of Canada started coverage on Rocket Companies in a report on Monday, August 31st. They set an “outperform” rating and a $32.00 price objective on the stock. Citigroup initiated coverage on shares of Rocket Companies in a report on Monday, August 31st. They issued a “buy” rating and a $35.00 price target on the stock. Susquehanna Bancshares raised shares of Rocket Companies from a “negative” rating to a “neutral” rating and set a $20.00 price objective for the company in a research note on Friday, September 25th. They noted that the move was a valuation call. Barclays assumed coverage on shares of Rocket Companies in a research note on Monday, August 31st. They issued an “equal weight” rating and a $25.00 target price on the stock. Finally, UBS Group began coverage on shares of Rocket Companies in a report on Monday, August 31st. They issued a “neutral” rating and a $28.00 price target for the company. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Rocket Companies presently has a consensus rating of “Hold” and a consensus target price of $28.38.

The business’s 50 day simple moving average is $23.47.

About Rocket Companies (NYSE:RKT)

There is no company description available for Rocket Companies Inc

Featured Article: Gap Down Stocks

Receive News & Ratings for Rocket Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocket Companies and related companies with MarketBeat.com's FREE daily email newsletter.