Valeant Pharmaceuticals International, Inc. (TSE:VRX) Earns Sector Perform Rating from Royal Bank Of Canada

Valeant Pharmaceuticals International, Inc. (TSE:VRX) (NYSE:VRX)‘s stock had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada in a report released on Wednesday, November 8th, StockTargetPrices.com reports. They presently have a C$23.00 price target on the specialty pharmaceutical company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 9.32% from the company’s current price.

Separately, TD Securities upped their price target on Valeant Pharmaceuticals International to C$26.00 and gave the stock a “hold” rating in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$22.50.

Shares of Valeant Pharmaceuticals International (VRX) traded down C$0.03 during mid-day trading on Wednesday, hitting C$21.04. The stock had a trading volume of 1,094,602 shares, compared to its average volume of 1,431,692. Valeant Pharmaceuticals International has a 1-year low of C$11.20 and a 1-year high of C$23.75.

In related news, Director Schutter Richard Urbain De acquired 10,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were purchased at an average cost of C$14.33 per share, with a total value of C$143,300.00.

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About Valeant Pharmaceuticals International

Valeant Pharmaceuticals International, Inc is a pharmaceutical and medical device company. The Company is engaged in developing and marketing a range of branded, generic and branded generic pharmaceuticals, over-the-counter (OTC) products, and medical devices (contact lenses, intraocular lenses, ophthalmic surgical equipment, and aesthetics devices).

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