Colliers Securities analyst Eugene Mannheimer maintained a Buy rating on Trxade Group (MEDS) on February 9 and set a price target of $12.00. The company’s shares closed last Friday at $5.81.
According to TipRanks.com, Mannheimer is a 4-star analyst with an average return of 16.1% and a 60.3% success rate. Mannheimer covers the Technology sector, focusing on stocks such as Computer Programs and Systems, NextGen Healthcare, and Castlight Health.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Trxade Group with a $12.00 average price target, which is a 104.1% upside from current levels. In a report issued on February 26, Maxim Group also initiated coverage with a Buy rating on the stock.
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The company has a one-year high of $11.60 and a one-year low of $4.01. Currently, Trxade Group has an average volume of 537.6K.
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Trxade Group, Inc. provides an on-line platform for pharmaceutical purchasers. It owns and operates a business-to-business web-based marketplace focuses on the United States pharmaceutical industry. It operates web-based market platform that enables trade among healthcare buyers and sellers of pharmaceuticals, accessories and services; provides state-licensed pharmacies and buying groups in the United States with pharmaceuticals approved by the United States Food and Drug Administration; and acts as technology consultant provider that supports their programming needs and provides research on pharmaceutical pricing and shortages in acute care and retail settings. The company was founded on July 15, 2005 and is headquartered in Land O’ Lakes, FL.
