Bio-Rad Laboratories, Inc. (BIO) Stock Rating Reaffirmed by Deutsche Bank AG
Bio-Rad Laboratories, Inc. (NYSE:BIO)‘s stock had its “buy” rating reiterated by Deutsche Bank AG in a report released on Monday. They currently have a $255.00 target price on the medical research company’s stock. Deutsche Bank AG’s target price would suggest a potential upside of 10.70% from the company’s current price.
Several other equities research analysts have also recently issued reports on BIO. BidaskClub cut shares of Bio-Rad Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Zacks Investment Research lowered shares of Bio-Rad Laboratories from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. Wells Fargo & Company initiated coverage on shares of Bio-Rad Laboratories in a report on Thursday, July 13th. They issued an “outperform” rating and a $250.00 price target on the stock. Jefferies Group LLC restated a “buy” rating and issued a $275.00 price target on shares of Bio-Rad Laboratories in a report on Friday, July 14th. Finally, TheStreet lowered shares of Bio-Rad Laboratories from a “b” rating to a “c+” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $240.80.
Shares of Bio-Rad Laboratories (BIO) opened at 230.35 on Monday. The company’s 50-day moving average is $220.74 and its 200 day moving average is $217.89. Bio-Rad Laboratories has a 52 week low of $154.89 and a 52 week high of $242.79. The stock has a market capitalization of $6.83 billion, a P/E ratio of 455.24 and a beta of 0.93.
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In other news, EVP Michael Crowley sold 700 shares of Bio-Rad Laboratories stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $215.91, for a total transaction of $151,137.00. Following the sale, the executive vice president now owns 2,060 shares in the company, valued at $444,774.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 28.29% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of BIO. Canada Pension Plan Investment Board purchased a new stake in shares of Bio-Rad Laboratories during the second quarter valued at approximately $113,000. Pacad Investment Ltd. purchased a new stake in shares of Bio-Rad Laboratories during the second quarter valued at approximately $113,000. Turner Investments LLC purchased a new stake in shares of Bio-Rad Laboratories during the second quarter valued at approximately $136,000. Capital Analysts LLC purchased a new stake in shares of Bio-Rad Laboratories during the second quarter valued at approximately $170,000. Finally, Meadow Creek Investment Management LLC raised its stake in shares of Bio-Rad Laboratories by 17.6% during the first quarter. Meadow Creek Investment Management LLC now owns 880 shares of the medical research company’s stock valued at $175,000 after purchasing an additional 132 shares during the period. Institutional investors own 62.84% of the company’s stock.
About Bio-Rad Laboratories
Bio-Rad Laboratories, Inc (Bio-Rad) is a manufacturer and distributor of its life science research and clinical diagnostics products. The Company operates through two segments: Life Science and Clinical Diagnostics. It manufactures and supplies the life science research, healthcare, analytical chemistry and other markets with a range of products and systems used to separate complex chemical and biological materials and to identify, analyze and purify their components.
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