Merus Labs International Inc (MSL) Price Target Cut to C$1.65

Merus Labs International Inc (TSE:MSL) (NASDAQ:MSLI) had its price objective reduced by TD Securities from C$3.00 to C$1.65 in a report published on Friday, May 12th. They currently have a tender rating on the specialty pharmaceutical company’s stock.

MSL has been the topic of a number of other reports. Scotiabank reaffirmed a sector perform rating and set a C$1.25 price objective on shares of Merus Labs International in a research note on Monday, February 13th. CIBC dropped their target price on shares of Merus Labs International from C$1.50 to C$1.40 in a report on Wednesday, February 15th. Finally, Bloom Burton restated a hold rating on shares of Merus Labs International in a report on Monday, February 13th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of C$1.99.

Shares of Merus Labs International (TSE MSL) traded up 0.62% during midday trading on Friday, hitting $1.63. The stock had a trading volume of 82,920 shares. The firm’s 50-day moving average is $1.47 and its 200 day moving average is $1.23. Merus Labs International has a one year low of $0.95 and a one year high of $1.76. The company’s market capitalization is $191.29 million.

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About Merus Labs International

Merus Labs International Inc is a specialty pharmaceutical company. The Company is engaged in the acquisition and licensing of branded prescription pharmaceutical products. The Company’s products include Elantan, Isoket, Deponit, Sintrom, Emselex/Enablex, Surgestone, Provames, Speciafoldine, Tredemine, Salagen, Estraderm MX and Vancocin.

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