Analyst Rating Update on STERIS Corporation (STE)

STERIS Corporation (NYSE:STE) : 3 analysts are covering STERIS Corporation (NYSE:STE) and their average rating on the stock is 2, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. STERIS Corporation (NYSE:STE) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

STERIS Corporation (NYSE:STE) : The consensus price target for STERIS Corporation (NYSE:STE) is $74.67 for the short term with a standard deviation of $17.04. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $85, however, the pessimist price target for the company is $55.

For the current week, the company shares have a recommendation consensus of Buy.

STERIS Corporation (NYSE:STE): stock turned positive on Tuesday. Though the stock opened at $63.65, the bulls momentum made the stock top out at $65.05 level for the day. The stock recorded a low of $63.43 and closed the trading day at $65.02, in the green by 2.75%. The total traded volume for the day was 1,348,057. The stock had closed at $63.28 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President & CEO) of Steris Plc, Rosebrough Walter M Jr had sold 10,000 shares worth of $642,700 in a transaction dated February 16, 2016. In this transaction, 10,000 shares were sold at $64.27 per share.

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