In a report released today, Michael Higgins from Ladenburg maintained a Buy rating on Zynerba Pharmaceuticals (ZYNE), with a price target of $26. The company’s shares closed yesterday at $12.93.
According to TipRanks.com, Higgins is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.6% and a 29.9% success rate. Higgins covers the Healthcare sector, focusing on stocks such as Rhythm Pharmaceuticals Inc, Achieve Life Sciences Inc, and Melinta Therapeutics Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zynerba Pharmaceuticals with a $22.80 average price target.
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The company has a one-year high of $16.47 and a one-year low of $2.75. Currently, Zynerba Pharmaceuticals has an average volume of 2.43M.
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Zynerba Pharmaceuticals, Inc. operates as a clinical stage specialty pharmaceutical company. It engages in the development and commercialization of transdermal pharmaceutically-produced cannabinoid treatments for rare and near-rare neurological and psychiatric, or neuropsychiatric, disorders in patients with high unmet medical needs.
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