CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY – Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $41.53, but opened at $39.47. CochLear shares last traded at $37.86, with a volume of 3,410 shares trading hands.
Analysts Set New Price Targets
A number of analysts have recently commented on CHEOY shares. Jefferies Financial Group downgraded CochLear to a “hold” rating in a report on Wednesday. Royal Bank Of Canada cut CochLear from an “outperform” rating to a “sector perform” rating and set a $117.00 target price on the stock. in a report on Thursday, July 16th. Zacks Research raised CochLear from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, UBS Group lowered CochLear from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $117.00.
Get Our Latest Research Report on CochLear
CochLear Stock Performance
About CochLear
Cochlear Limited provides implantable hearing solutions for children and adults worldwide. It offers cochlear implant systems, sound processor upgrades, bone conduction systems, accessories, and other products. Cochlear Limited was founded in 1981 and is headquartered in Sydney, Australia.
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