IPG Photonics Co. (IPGP) Price Target Increased to $125.00 by Analysts at Benchmark Co.

IPG Photonics Co. (NDAQ:IPGP) had its price target raised by Benchmark Co. from $116.00 to $125.00 in a research report report published on Wednesday, StockTargetPrices.com reports. The firm currently has a buy rating on the stock.

Separately, Dougherty & Co upgraded IPG Photonics from a neutral rating to a buy rating and set a $137.00 price target for the company in a report on Wednesday.

Shares of IPG Photonics (NDAQ:IPGP) traded up 4.23% during midday trading on Wednesday, reaching $121.97. The company had a trading volume of 289,401 shares. IPG Photonics has a 52 week low of $76.22 and a 52 week high of $124.27. The stock has a 50-day moving average of $105.61 and a 200 day moving average of $93.26. The firm has a market capitalization of $6.48 billion and a price-to-earnings ratio of 26.63.

This report was first published by sleekmoney and is the property of of sleekmoney. If you are viewing this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at http://sleekmoney.com/ipg-photonics-co-ipgp-price-target-increased-to-125-00-by-analysts-at-benchmark-co/1662653.html.

IPG Photonics Company Profile

IPG Photonics Corporation is engaged in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers and related optical components. The Company offers a line of lasers and amplifiers, which are used in materials processing, advanced communications and medical applications.

Stock Target Prices

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/ipg-photonics-co-ipgp-price-target-increased-to-125-00-by-analysts-at-benchmark-co/1662653.html

Receive News & Ratings for IPG Photonics Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics Co. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *