Lannett Co Price Target Raised to $18.00 at Roth Capital (LCI)
Research analysts at Roth Capital upped their price objective on shares of Lannett Co (AMEX:LCI) from $15.00 to $18.00 in a report released on Thursday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Roth Capital’s price target points to a potential upside of 3.09% from the stock’s previous close.
Shares of Lannett Co (AMEX:LCI) traded up 4.05% during mid-day trading on Thursday, hitting $17.46. The stock had a trading volume of 312,116 shares. Lannett Co has a 52 week low of $3.93 and a 52 week high of $16.87. The stock has a 50-day moving average of $13.51 and a 200-day moving average of $11.. The company has a market cap of $500.8 million and a price-to-earnings ratio of 42.81.
LCI has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Lannett Co (AMEX:LCI) from $16.00 to $18.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Oppenheimer initiated coverage on shares of Lannett Co (AMEX:LCI) in a research note to investors on Monday. They set an “outperform” rating and a $20.00 price target on the stock.
Lannett Company, Inc is engaged in developing, manufacturing, marketing and distributing generic versions of branded pharmaceutical products.
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