Price Target Update on DENTSPLY International (NASDAQ:XRAY)

DENTSPLY International (NASDAQ:XRAY) : 8 Wall Street analysts covering DENTSPLY International (NASDAQ:XRAY) believe that the average level the stock could reach for the short term is $68.13. The maximum price target given is $78 and the minimum target for short term is around $60, hence the standard deviation is calculated at $5.14.

Other Equity analysts have also commented on the company shares. Piper Jaffray initiates coverage on DENTSPLY International (NASDAQ:XRAY).The analysts at the brokerage house have a current rating of Overweight on the shares. The rating by the firm was issued on June 13, 2016.

DENTSPLY International (NASDAQ:XRAY): stock turned positive on Thursday. Though the stock opened at $63.9, the bulls momentum made the stock top out at $64.84 level for the day. The stock recorded a low of $63.55 and closed the trading day at $64.21, in the green by 1.17%. The total traded volume for the day was 2,059,591. The stock had closed at $63.47 in the previous days trading.

The company shares have rallied 21.29% from its 1 Year high price. On Jun 13, 2016, the shares registered one year high at $65.83 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $62.28 and the 200 Day Moving Average price is recorded at $60.29. On the companys insider trading activities,The (Exec VP, Mfg & Supply Chain) of Dentsply Sirona Inc., Berthan Rainer sold 6,464 shares at $62.56 on June 2, 2016. The Insider selling transaction had a total value worth of $404,388. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

DENTSPLY International Inc. is a designer, developer, manufacturer and marketer of a range of consumable dental products for the professional dental market. It operates through three segments: Dental Consumable and Certain International Businesses; Dental Specialty and Laboratory and Certain Global Distribution Businesses, and Healthcare and Emerging Markets Businesses. All the segments are primarily engaged in the design, manufacture and distribution of dental and medical products in four product categories. Its Dental Consumable Products consist of dental supplies and devices and small equipment used in dental offices. Its Dental Laboratory Products are used in the preparation of dental appliances by dental laboratories. Its Dental Specialty Products are specialized treatment products used within the dental office and laboratory settings. Its Consumable Medical Device Products consist mainly of urology catheters, certain surgical products, medical drills and other products.

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