iMedia Brands (IMBI) Receives a Buy from B.Riley Financial

B.Riley Financial analyst Eric Wold reiterated a Buy rating on iMedia Brands (IMBIResearch Report) today and set a price target of $22.00. The company’s shares closed last Friday at $5.74.

According to TipRanks.com, Wold is a 5-star analyst with an average return of 27.6% and a 59.9% success rate. Wold covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment, National Cinemedia, and AMC Entertainment.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for iMedia Brands with a $22.00 average price target.

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iMedia Brands’ market cap is currently $123.6M and has a P/E ratio of -5.60. The company has a Price to Book ratio of -117.65.

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iMedia Brands, Inc. is a multichannel electronic retailer that markets, sells, and distributes products to consumers through television, online, mobile, and social media. Its product ShopNBC, is distributed primarily through cable and satellite affiliation agreements, and markets brand name and private label products in the categories of jewelry and watches; home and electronics; beauty, health and fitness; and fashion and accessories. It also operates ShopNBC.com, an e-commerce platform that sells products appearing on its television shopping channel and an extended assortment of online-only merchandise. EVINE Live was founded on June 25, 1990 and is headquartered in Eden Prairie, MN.