Merus Labs International Inc (MSL) Given Consensus Recommendation of “Hold” by Brokerages
Merus Labs International Inc (TSE:MSL) (NASDAQ:MSLI) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm. Three analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$1.99.
A number of analysts recently issued reports on MSL shares. CIBC increased their target price on Merus Labs International from C$1.40 to C$1.65 in a research note on Monday, May 15th. TD Securities reissued a “buy” rating and set a C$3.00 target price on shares of Merus Labs International in a research note on Wednesday, February 15th. Bloom Burton reissued a “hold” rating on shares of Merus Labs International in a research note on Monday, February 13th. Finally, Scotiabank reissued a “sector perform” rating and set a C$1.25 target price on shares of Merus Labs International in a research note on Monday, February 13th.
Shares of Merus Labs International (TSE:MSL) remained flat at $1.61 on Tuesday. The stock had a trading volume of 330,394 shares. The stock has a 50-day moving average price of $1.20 and a 200-day moving average price of $1.17. Merus Labs International has a 12 month low of $0.95 and a 12 month high of $1.83. The firm’s market cap is $188.70 million.
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About Merus Labs International
Merus Labs International Inc is a specialty pharmaceutical company. The Company is engaged in the acquisition and licensing of branded prescription pharmaceutical products. The Company’s products include Elantan, Isoket, Deponit, Sintrom, Emselex/Enablex, Surgestone, Provames, Speciafoldine, Tredemine, Salagen, Estraderm MX and Vancocin.
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