Versigent (NYSE:VGNT) Receives Average Rating of “Buy” from Brokerages

Shares of Versigent (NYSE:VGNTGet Free Report) have received an average recommendation of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $47.3333.

Several research firms have recently commented on VGNT. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $38.00 target price on shares of Versigent in a research report on Thursday, May 7th. Evercore reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Versigent in a report on Monday, May 18th. TD Cowen raised their price target on Versigent from $47.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Royal Bank Of Canada started coverage on Versigent in a research note on Tuesday, March 31st. They issued a “sector perform” rating and a $28.00 price objective on the stock. Finally, Wells Fargo & Company increased their target price on Versigent from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th.

View Our Latest Analysis on Versigent

Versigent Stock Down 6.1%

NYSE:VGNT traded down $2.59 during trading hours on Thursday, hitting $39.93. The company had a trading volume of 344,376 shares, compared to its average volume of 2,379,989. The company’s 50-day simple moving average is $42.93. Versigent has a 52 week low of $26.34 and a 52 week high of $50.88.

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Analyst Recommendations for Versigent (NYSE:VGNT)

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