Perrigo Company (PRGO) Receives Price Target

Perrigo Company (PRGO) : 15 Wall Street analysts covering Perrigo Company (PRGO) believe that the average level the stock could reach for the short term is $102.2. The maximum price target given is $165 and the minimum target for short term is around $81, hence the standard deviation is calculated at $21.71.

Perrigo Company (PRGO) : 4 brokerage houses believe that Perrigo Company (PRGO) is a Strong Buy at current levels. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Perrigo Company (PRGO). Zacks Investment Research suggests a Strong Sell with a rank of 5. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 17 Wall Street Analysts endorse the stock as a Hold with a rating of 2.59.


Also, In a research note released to the investors, Barclays maintains its rating on Perrigo Company (NYSE:PRGO).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Barclays lowers the new price target from $120 per share to $110 per share. The rating by the firm was issued on August 11, 2016.

Perrigo Company (NYSE:PRGO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $90.94 and $90.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $92.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $91.25, notching a gain of 0.29% for the day. The total traded volume was 1,711,822 . The stock had closed at $90.99 on the previous day.

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