Shares of LGN ( NASDAQ:LGN – Get Free Report ) dropped 13% during trading on Wednesday. The company traded as low as $33.46 and last traded at $34.0720. Approximately 185,832 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 1,382,387 shares. The stock had previously closed at $39.16.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Royal Bank Of Canada dropped their price target on LGN from $101.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Roth Capital restated a “buy” rating and set a $120.00 price objective on shares of LGN in a research report on Wednesday, August 12th. Guggenheim restated a “buy” rating and set a $90.00 price objective on shares of LGN in a research note on Monday, October 26th. BTIG Research reiterated a “buy” rating and issued a $100.00 target price (down from $120.00) on shares of LGN in a research note on Friday, August 14th. Finally, Bank of America boosted their price target on shares of LGN from $105.00 to $116.00 and gave the company a “buy” rating in a report on Friday, August 14th. One research analyst has r...