Versigent (NYSE:VGNT) Given Average Recommendation of “Buy” by Brokerages

Versigent (NYSE:VGNT) has been assigned an average rating of “Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $49.6667.

VGNT has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of Versigent from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. TD Cowen increased their price objective on shares of Versigent from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Fox Advisors raised shares of Versigent to a “strong-buy” rating in a research note on Tuesday, April 7th. Wolfe Research began coverage on Versigent in a research report on Thursday, April 30th. They set an “outperform” rating and a $53.00 target price for the company. Finally, Evercore reaffirmed an “outperform” rating and set a $60.00 target price on shares of Versigent in a research note on Monday, May 18th.

Versigent Trading Down 0.1%

Shares of VGNT opened at $41.62 on Monday. The company has a fifty day moving average price of $43.27. Versigent has a twelve month low of $26.34 and a twelve month high of $50.88.