Charles River Labs Gets a Buy Rating from Jefferies

By Austin Angelo

Jefferies analyst David Windley reiterated a Buy rating on Charles River Labs (NYSE: CRL) yesterday and set a price target of $121. The company’s shares closed yesterday at $101.54, close to its 52-week high of $102.32.

According to, Windley is a top 25 analyst with an average return of 19.4% and a 79.8% success rate. Windley covers the Services sector, focusing on stocks such as Quintiles Transnational, Quest Diagnostics Inc, and WellCare Health Plans.

Charles River Labs has an analyst consensus of Moderate Buy, with a price target consensus of $102.

The company has a one year high of $102.32 and a one year low of $67.20. Currently, Charles River Labs has an average volume of 340.7K.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. Last month, Davide Molho, the Corporate Executive VP of CRL sold 10,976 shares for a total of $1,019,014.

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Charles River Laboratories International, Inc. is an early-stage contract research company, which provides essential products and services to help pharmaceutical and biotechnology companies, government agencies and academic institutions around the globe to accelerate their research and drug development efforts. It operates through the following business segments: Research Models and Services, Discovery and Safety Assessment, and Manufacturing Support. The Research Models and Services segment comprises of the production and sale of research models, and also offers services designed to support to clients use of research models in screening drug candidates. The Discovery and Safety Assessment segment offers discovery and safety assessment services, both regulated and non-regulated, in which it include both in vivo and in vitro studies, supporting laboratory services, and strategic preclinical consulting and program management to support product development. The Manufacturing Support segment offers endotoxin and microbial detection, avian vaccine services and biologics testing solutions. The company was founded by Henry L. Foster in 1947 and is headquartered in Wilmington, MA.