Trading Report: The FBR & Co Begins Coverage on Arch Coal (ARCH)

The FBR & Co Begins Coverage on Arch Coal (ARCH)

Stock analysts at FBR & Co assumed coverage on shares of Arch Coal (NASDAQ:ARCH) in a note issued to investors on Wednesday. The firm set an “outperform” rating and a $71.00 price target on the stock. FBR & Co’s price target would indicate a potential upside of 15.07% from the company’s current price.

Shares of Arch Coal (NASDAQ:ARCH) traded up 0.64% during midday trading on Wednesday, hitting $61.70. 660,123 shares of the stock were exchanged. Arch Coal has a 1-year low of $0.04 and a 1-year high of $70.00. The stock’s 50-day moving average price is $5.61 and its 200-day moving average price is $1.69.

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