Analysts at Morgan Stanley began coverage on shares of RISE Education Cayman (NASDAQ:REDU) in a research note issued to investors on Tuesday, November 14th. The brokerage set an “overweight” rating and a $15.50 price target on the stock. Morgan Stanley’s target price would indicate a potential upside of 54.08% from the company’s current price.
RISE Education Cayman (NASDAQ:REDU) traded down $0.11 during mid-day trading on Tuesday, reaching $10.06. 366,435 shares of the company’s stock were exchanged, compared to its average volume of 567,574. RISE Education Cayman has a fifty-two week low of $9.50 and a fifty-two week high of $17.86.
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RISE Education Cayman Ltd is a holding company. The Company, through its subsidiaries, offers after-school English teaching and tutoring services to students aged three to 18. It operates in China’s junior English Language Training (ELT) market. Its offers three flagship courses, including Rise Start, Rise On and Rise Up, that are designed for students aged three to six, seven to twelve and 13 to 18, respectively.
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