Proto Labs Price Target Increased to $92.00 by Analysts at Janney Montgomery Scott (PRLB)
Investment analysts at Janney Montgomery Scott boosted their price objective on shares of Proto Labs (NASDAQ:PRLB) from $72.00 to $92.00 in a note issued to investors on Friday, AR Network reports. The firm currently has a “buy” rating on the stock. Janney Montgomery Scott’s target price points to a potential upside of 9.68% from the stock’s previous close.
Shares of Proto Labs (NASDAQ:PRLB) traded up 0.02% on Friday, hitting $83.88. The stock had a trading volume of 1,063,935 shares. Proto Labs has a 1-year low of $27.96 and a 1-year high of $76.73. The stock has a 50-day moving average of $79.13 and a 200-day moving average of $65.52. The company has a market cap of $2.125 billion and a price-to-earnings ratio of 68.91.
In other Proto Labs news, Director John B. Goodman unloaded 2,000 shares of Proto Labs stock on the open market in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $83.88, for a total value of $167,760.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Proto Labs, Inc manufactures computer numerical control machined and plastic injection molded parts. The Company offers plastic injection molded parts, rapid tooling, plastic injection molding, rapid injection molding, rapid prototyping and prototype.
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