J.P. Morgan Reaffirms Their Buy Rating on Perrigo Company (PRGO)
In a report released today, Chris Schott from J.P. Morgan maintained a Buy rating on Perrigo Company, with a price target of $35.00. The company’s shares closed yesterday at $21.75.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
According to TipRanks, Schott is a 3-star analyst with an average return of 1.5% and a 49.85% success rate. Schott covers the Healthcare sector, focusing on stocks such as Eli Lilly & Co, Johnson & Johnson, and Merck & Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Perrigo Company with a $28.50 average price target.
The company has a one-year high of $30.93 and a one-year low of $21.03. Currently, Perrigo Company has an average volume of 1.4M.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PRGO in relation to earlier this year. Earlier this month, Abigail Lennox, the EVP and CSO of PRGO bought 1,255.00 shares for a total of $28,124.55.
Read More on PRGO:
