Valeant Pharmaceuticals International (VRX) Trading Up -4.5%

Valeant Pharmaceuticals International, Inc. (TSE:VRX) (NYSE:VRX) was up 4.5% during trading on Thursday . The stock traded as high as C$22.75 and last traded at C$21.52. Approximately 2,458,116 shares changed hands during mid-day trading, an increase of 69% from the average daily volume of 1,455,874 shares. The stock had previously closed at C$22.53.

Several equities research analysts recently commented on VRX shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$23.00 price objective on shares of Valeant Pharmaceuticals International in a research report on Wednesday, November 8th. TD Securities upgraded shares of Valeant Pharmaceuticals International from a “hold” rating to a “buy” rating and set a C$25.50 price objective on the stock in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Valeant Pharmaceuticals International presently has a consensus rating of “Hold” and a consensus target price of C$22.50.

In other news, Director Schutter Richard Urbain De bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average price of C$14.33 per share, with a total value of C$143,300.00.

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Valeant Pharmaceuticals International Company Profile

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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