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Telix Pharmaceuticals (NASDAQ:TLX) Shares Gap Up - Here's What Happened

Telix Pharmaceuticals logo with Medical background

Key Points

  • Telix Pharmaceuticals' stock price opened at $9.97, after closing at $9.54, with shares last trading at $9.71.
  • Analysts have set a consensus target price of $21.00 for Telix Pharmaceuticals, with most ratings being either "Buy" or "Outperform."
  • Institutional investors have increased their stakes in Telix Pharmaceuticals, notably Russell Investments Group Ltd. purchasing $975,000 worth of shares in the second quarter.
  • Interested in Telix Pharmaceuticals? Here are five stocks we like better.

Telix Pharmaceuticals Limited (NASDAQ:TLX - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $9.54, but opened at $9.97. Telix Pharmaceuticals shares last traded at $9.71, with a volume of 37,146 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on TLX shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Telix Pharmaceuticals in a report on Thursday, August 28th. William Blair reaffirmed an "outperform" rating on shares of Telix Pharmaceuticals in a report on Wednesday, July 9th. Wedbush reaffirmed an "outperform" rating and issued a $22.00 target price on shares of Telix Pharmaceuticals in a report on Thursday, August 28th. HC Wainwright lowered their target price on shares of Telix Pharmaceuticals from $23.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, September 10th. Finally, Citigroup started coverage on shares of Telix Pharmaceuticals in a report on Thursday, September 18th. They issued a "buy" rating and a $22.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Telix Pharmaceuticals has an average rating of "Moderate Buy" and a consensus target price of $21.00.

Read Our Latest Stock Report on Telix Pharmaceuticals

Telix Pharmaceuticals Trading Up 3.5%

The business's fifty day moving average is $10.39 and its 200 day moving average is $14.25.

Institutional Trading of Telix Pharmaceuticals

Institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC purchased a new stake in shares of Telix Pharmaceuticals in the first quarter valued at about $170,000. ABC Arbitrage SA purchased a new stake in shares of Telix Pharmaceuticals in the first quarter valued at about $451,000. Russell Investments Group Ltd. purchased a new stake in shares of Telix Pharmaceuticals in the second quarter valued at about $975,000. Jane Street Group LLC purchased a new stake in shares of Telix Pharmaceuticals in the second quarter valued at about $564,000. Finally, IHT Wealth Management LLC purchased a new stake in shares of Telix Pharmaceuticals in the second quarter valued at about $213,000.

About Telix Pharmaceuticals

(Get Free Report)

Telix Pharmaceuticals Limited. engages in the development and commercialization of several clinical-stage oncology assets. It operates through the following segments: Commercial, Product Development, and Group and Unallocated. The Commercial segment includes sales of Illuccix and other products subsequent to obtaining regulatory approvals.

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