Short Term Rating on Wright Medical Group (WMGI)

Wright Medical Group (WMGI) has an average broker rating of 1.47, which is interpreted as a Strong Buy, as rated by 17 equity analysts. Nonetheless, 12 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Wright Medical Group (WMGI) : The highest level Wright Medical Group (WMGI) is projected to reach is $33 for the short term and the lowest estimate is at $22. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $26.31 and the possibility the share price can swing is $3.97.

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


Wright Medical Group (NASDAQ:WMGI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.35 and $20.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.52, notching a gain of 1.38% for the day. The total traded volume was 1,436,407 . The stock had closed at $20.24 on the previous day.

Wright Medical Group, Inc. is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc. (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients lifestyles. The Company operates through three segments: U.S., International and BioMimetic. The Companys business includes products that are used in foot and ankle repair, upper extremity products and biologics products, which are used to replace damaged or diseased bone, to stimulate bone growth and to provide other biological solutions for surgeons and patients. The Companys products include extremity hardware, foot and ankle hardware, upper extremity hardware and biologics.

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