Bank of America initiated coverage on shares of Rockley Photonics (NYSE:RKLY) in a report published on Friday, Price Targets.com reports. The firm issued a buy rating and a $14.00 price target on the stock.
A number of other brokerages also recently weighed in on RKLY. Needham & Company LLC started coverage on shares of Rockley Photonics in a research note on Tuesday, September 7th. They set a buy rating and a $15.00 target price for the company. Robert W. Baird started coverage on Rockley Photonics in a research report on Wednesday, August 25th. They issued an outperform rating and a $18.00 price objective for the company. Finally, Cowen began coverage on Rockley Photonics in a research report on Thursday, September 9th. They set an outperform rating and a $22.00 target price on the stock.
NYSE RKLY opened at $8.64 on Friday. Rockley Photonics has a 12 month low of $6.81 and a 12 month high of $16.56. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 216.00 and a beta of -0.07.
Rockley Photonics Ltd. is a supplier of integrated silicon photonic chips and modules across multiple markets. Rockley Photonics Ltd., formerly known as SC Health Corp., is based in PASADENA, Calif.
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