Insider Buying: Valeant Pharmaceuticals International, Inc. (VRX) Director Buys 10,000 Shares of Stock

Valeant Pharmaceuticals International, Inc. (TSE:VRX) (NYSE:VRX) Director Schutter Richard Urbain De acquired 10,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average cost of C$14.33 per share, for a total transaction of C$143,300.00.

Shares of Valeant Pharmaceuticals International, Inc. (TSE:VRX) traded up C$0.52 during midday trading on Tuesday, reaching C$20.46. The company’s stock had a trading volume of 2,329,876 shares, compared to its average volume of 1,437,482. Valeant Pharmaceuticals International, Inc. has a 1 year low of C$11.20 and a 1 year high of C$24.97.

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A number of equities research analysts have recently issued reports on VRX shares. Royal Bank Of Canada cut their target price on Valeant Pharmaceuticals International to C$22.50 and set a “sector perform” rating on the stock in a research report on Friday, October 20th. TD Securities raised Valeant Pharmaceuticals International from a “hold” rating to a “buy” rating and set a C$25.50 price target on the stock in a research report on Wednesday, November 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Valeant Pharmaceuticals International presently has a consensus rating of “Hold” and an average target price of C$22.50.

About Valeant Pharmaceuticals International

Valeant Pharmaceuticals International, Inc is a pharmaceutical and medical device company. The Company is engaged in developing and marketing a range of branded, generic and branded generic pharmaceuticals, over-the-counter (OTC) products, and medical devices (contact lenses, intraocular lenses, ophthalmic surgical equipment, and aesthetics devices).

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