Shares of Medtronic plc. (NYSE:MDT) traded today at $130.68, eclipsing its 52-week high. So far today approximately 1.5 million shares have been exchanged, as compared to an average 30-day volume of 4.8 million shares.
Potential upside of 60.5% exists for Medtronic plc., based on a current level of $130.59 and analysts’ average consensus price target of $209.57.
One of the largest medical device companies, Medtronic develops and manufactures therapeutic medical devices for chronic diseases. Its portfolio includes pacemakers, defibrillators, heart valves, stents, insulin pumps, spinal fixation devices, neurovascular products, and surgical tools. The company markets its products to healthcare institutions and physicians in the United States and overseas. Foreign sales account for almost 50% of the company’s total sales.
Over the past year, Medtronic plc. has traded in a range of $87.68 to $130.68 and is now at $130.59, 49% above that low.
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