Valeant Pharmaceuticals International (VRX) Trading -0.1% Higher

Valeant Pharmaceuticals International, Inc. (TSE:VRX) (NYSE:VRX) shares traded up 0.1% during trading on Friday . The company traded as high as C$29.30 and last traded at C$28.83. 1,648,424 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 1,842,347 shares. The stock had previously closed at C$28.86.

A number of research analysts have commented on the company. Royal Bank of Canada lowered their target price on Valeant Pharmaceuticals International to C$22.50 and set a “sector perform” rating on the stock in a research note on Friday, October 20th. TD Securities upgraded Valeant Pharmaceuticals International from a “hold” rating to a “buy” rating and set a C$25.50 target price on the stock in a research note on Wednesday, November 8th.

The stock has a market cap of $10,370.00, a P/E ratio of 5.92 and a beta of -0.67.

In related news, Director Schutter Richard Urbain De purchased 10,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was bought at an average price of C$14.33 per share, for a total transaction 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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