Best Buy Co Inc (NYSE:BBY) price target raised to $80.00 by Telsey Advisory Group

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Analyst Ratings For Best Buy Co Inc (NYSE:BBY)

Today, Telsey Advisory Group raised its price target on Best Buy Co Inc (NYSE:BBY) to $80.00 per share.

There are 10 Hold Ratings, 6 Buy Ratings, 2 Sell Ratings, no Strong Buy Ratings on the stock.

The current consensus rating on Best Buy Co Inc (NYSE:BBY) is Hold with a consensus target price of $75.2857 per share, a potential 2.94% downside.

Some recent analyst ratings include

  • 8/28/2018-Best Buy Co Inc (NYSE:BBY) had its Buy ➝ Hold rating reiterated by Wells Fargo & Co with a $78.00 price target
  • 8/21/2018-Best Buy Co Inc (NYSE:BBY) has coverage initiated with a Hold rating and $79.00 price target
  • 6/8/2018-Best Buy Co Inc (NYSE:BBY) had its Buy rating reiterated by Morgan Stanley
  • 3/5/2018-Best Buy Co Inc (NYSE:BBY) had its Neutral ➝ Hold rating reiterated by Credit Suisse Group with a $74.00 price target

Recent Insider Trading Activity For Best Buy Co Inc (NYSE:BBY)
Best Buy Co Inc (NYSE:BBY) has insider ownership of 0.75% and institutional ownership of 82.10%.

  • On 6/14/2018 Asheesh Saksena, Insider, sold 18,570 with an average share price of $73.69 per share and the total transaction amounting to $1,368,423.30.
  • On 6/11/2018 Mathew Watson, SVP, sold 457 with an average share price of $72.54 per share and the total transaction amounting to $33,150.78.
  • On 6/4/2018 Kathleen Scarlett, Insider, sold 1,225 with an average share price of $68.85 per share and the total transaction amounting to $84,341.25.
  • On 5/25/2018 Rajendra M Mohan, Insider, sold 2,617 with an average share price of $70.98 per share and the total transaction amounting to $185,754.66.
  • On 5/23/2018 Mathew Watson, SVP, sold 276 with an average share price of $75.78 per share and the total transaction amounting to $20,915.28.
  • On 4/24/2018 Patricia H Walker, Insider, sold 8,854 with an average share price of $73.63 per share and the total transaction amounting to $651,920.02.
  • On 3/19/2018 Patricia H Walker, Insider, sold 1,569 with an average share price of $68.72 per share and the total transaction amounting to $107,821.68.

About Best Buy Co Inc (NYSE:BBY)
Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company operates in two segments, Domestic and International. Its stores provide consumer electronics, including digital imaging, health and fitness, home automation, home theater, and portable audio products; computing and mobile phones, such as computing and peripherals, networking products, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, including drones, movies, music, and technology toys, as well as gaming hardware and software, and virtual reality and other software products. The company's stores also offer appliances, which comprise dishwashers, laundry appliances, ovens, refrigerators, blenders, coffee makers, etc.; and other products, such as beverages, snacks, and sundry items, as well as baby products, luggage, and sporting goods. In addition, it provides services comprising consultation, design, delivery, installation, set-up, protection plan, repair, technical support, and educational services. The company offers its products through stores and Websites under the Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, Pacific Kitchen and Home, bestbuy.ca, and bestbuy.com.mx brand names, as well as through mobile applications and call centers. It has approximately 1,200 large-format and 300 small-format stores. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was founded in 1966 and is headquartered in Richfield, Minnesota.

Recent Trading Activity for Best Buy Co Inc (NYSE:BBY)
Shares of Best Buy Co Inc closed the previous trading session at 77,57 −4,09 5,01 % with 79.25 shares trading hands.