Versigent (NYSE:VGNT) Price Target Raised to $56.00

Versigent (NYSE:VGNT) had its price objective boosted by Wells Fargo & Company from $48.00 to $56.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also commented on VGNT. Zacks Research raised shares of Versigent from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. UBS Group reduced their target price on shares of Versigent from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. BNP Paribas Exane initiated coverage on shares of Versigent in a research report on Tuesday, April 28th. They set an “outperform” rating and a $41.00 target price for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $54.00 price target on shares of Versigent in a research note on Wednesday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $59.00 price target on shares of Versigent in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.25.

Versigent Stock Up 3.0%

Shares of Versigent stock opened at $44.12 on Wednesday. Versigent has a 1 year low of $26.34 and a 1 year high of $50.88. The company’s fifty day simple moving average is $43.36. The company has a quick ratio of 1.04, a current ratio of 1.40 and a debt-to-equity ratio of 7.29.

Versigent (NYSE:VGNT) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.34. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.29 billion. As a group, equities research analysts expect that Versigent will post 7.22 EPS for the current year.

Versigent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 annualized dividend and a yield of 1.2%.

About Versigent

Versigent PLC is involved in the design, manufacturing and delivery of low and high voltage power electrical architectures. Versigent PLC is based in SCHAFFHAUSEN, Switzerland.