Transenterix Inc (TRXC) Given New $4.00 Price Target at Stifel Nicolaus

Transenterix Inc (NYSE:TRXC) had its target price boosted by Stifel Nicolaus from $3.75 to $4.00 in a research report released on Tuesday. They currently have a buy rating on the medical instruments supplier’s stock.

Transenterix (TRXC) traded down 5.41% on Tuesday, reaching $2.80. 3,776,272 shares of the company traded hands. The company’s market capitalization is $415.90 million. The stock has a 50-day moving average of $1.98 and a 200 day moving average of $1.04. Transenterix has a 52-week low of $0.45 and a 52-week high of $5.00.

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Transenterix Company Profile

TransEnterix, Inc is a medical device company. The Company is focused on the development and commercialization of ALF-X Surgical Robotic System (the ALF-X System), and SurgiBot System. The Company’s ALF-X System is a multi-port robotic surgery system, which allows multiple robotic arms to control instruments and a camera.

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