Versigent (NYSE:VGNT) Upgraded by Argus to “Strong-Buy” Rating

Argus upgraded shares of Versigent (NYSE:VGNT) to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

Several other brokerages have also weighed in on VGNT. Wall Street Zen upgraded shares of Versigent to a “hold” rating in a research report on Saturday, April 18th. Oppenheimer set a $50.00 price target on shares of Versigent in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded shares of Versigent from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Tuesday, July 7th. Zacks Research raised Versigent from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Finally, Morgan Stanley began coverage on Versigent in a research note on Friday, May 8th. They issued an “overweight” rating and a $51.00 price objective on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $49.67.

Versigent Stock Performance

Shares of Versigent stock opened at $41.15 on Tuesday. Versigent has a 52-week low of $26.34 and a 52-week high of $50.88. The firm has a fifty day simple moving average of $43.42.