PACS Group (NYSE:PACS) Now Covered by Royal Bank of Canada

Equities researchers at Royal Bank of Canada started coverage on shares of PACS Group (NYSE:PACS) in a note issued to investors on Monday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $30.00 price target on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 20.05% from the stock’s current price.

PACS Group Stock Up 0.2 %

Shares of PACS opened at $24.99 on Monday. PACS Group has a 52 week low of $22.61 and a 52 week high of $25.72.

Insider Activity at PACS Group

In other PACS Group news, CEO Jason Hulse Murray sold 1,607,142 shares of PACS Group stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $21.00, for a total value of $33,749,982.00. Following the completion of the sale, the chief executive officer now directly owns 62,754,551 shares in the company, valued at $1,317,845,571. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

About PACS Group

PACS Group, Inc, through its subsidiaries, operates skilled nursing facilities and assisted living facilities in the United States. The company also provides senior care and independent facilities. It engages in the acquisition, ownership, and leasing of health care-related properties. The company was founded in 2013 and is based in Farmington, Utah.