RBC Capital assumed coverage on LDR shares earlier this week, according to a WatchList News report.
On June 18, LDR Executive Vice President and CFO Robert McNamara sold 40,000 shares of LDR stock; earlier this year Executive Vice President, General Manager Patrick Richard sold 151,000 shares of the company’s stock in an open market transaction. Here are five things to know about RBC Capital’s new assumed coverage:
1. RBC Capital set a price target of $34.00 on the stock and rated it “outperform.” This price indicates potential upside of 29.9 percent from the stock’s previous close, according to the report.
2. LDR’s 52-week low is $17.79; the 52-week high is $40.39 with a moving average of $24.43. The companyproposed an initial public offering in September 2013 and raised $75 million at that time. A second public offering was extended in April for 1.3 million shares sold at $27.90, resulting in $32.1 million in capital.
