Shares of West Pharmaceutical Services Inc. (NYSE:WST) traded at a new 52-week high today of $450.20. Approximately 65,000 shares have changed hands today, as compared to an average 30-day volume of 329,000 shares.
West Pharmaceutical Services is a Pennsylvania-based medical supplies company that operates as a key supplier to firms in the pharmaceutical, biotechnology, and generic drug industries. West develops, manufactures, and distributes elastomer-based supplies for the containment and administration of injectable drugs, including basic equipment such as syringes, stoppers, and plungers, along with somewhat more complicated devices including auto-injectors and other self-injection platforms. The company reports in two segments: proprietary products (77% of 2020 sales) and contract-manufactured products (23%). It generates 55% of its revenue from international markets and 45% from the United States.
Based on a current price of $449.69, West Pharmaceutical Services Inc. is currently 34.2% above its average consensus analyst price target of $295.87.
Over the past year, West Pharmaceutical Services Inc. has traded in a range of $253.85 to $450.20 and is now at $449.69, 77% above that low.
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