Zacks: Castle Brands, Inc. (NASDAQ:ROX) Given $2.60 Consensus Target Price by Brokerages

Shares of Castle Brands, Inc. (NASDAQ:ROX) have been given an average broker rating score of 2.33 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Castle Brands’ rating score has declined by 39.5% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokers have set a 12 month consensus price target of $2.60 for the company, according to Zacks. Zacks has also assigned Castle Brands an industry rank of 179 out of 256 based on the ratings given to related companies.

Separately, Barrington Research cut Castle Brands from an “outperform” rating to a “market perform” rating in a research note on Friday, August 30th.

Shares of ROX remained flat at $$1.26 during mid-day trading on Friday. The stock had a trading volume of 782,871 shares, compared to its average volume of 701,706. Castle Brands has a 12-month low of $0.44 and a 12-month high of $1.27.

Castle Brands (NASDAQ:ROX) last posted its quarterly earnings data on Friday, August 9th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $22.64 million during the quarter, compared to the consensus estimate of $22.87 million.

About Castle Brands

Castle Brands Inc, together with its subsidiaries, develops, markets, imports, and sells beverage alcohol and non-alcoholic beverage products in the United States, Canada, Europe, and Asia. The company offers premium and super premium rums, whiskey, liqueurs, vodka, tequila, wine, amaretto, and other spirits, as well as ginger beer and ready-to-drink cocktails.

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