In a report released today, Jay Olson from Oppenheimer downgraded Intercept Pharma (ICPT) to Hold, with a price target of $46.00. The company’s shares closed last Friday at $77.49.
According to TipRanks.com, Olson is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -7.0% and a 40.1% success rate. Olson covers the Healthcare sector, focusing on stocks such as Constellation Pharmaceuticals, Madrigal Pharmaceuticals, and ACADIA Pharmaceuticals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Intercept Pharma with a $147.08 average price target, implying an 89.8% upside from current levels. In a report issued on June 25, H.C. Wainwright also initiated coverage with a Hold rating on the stock with a $92.00 price target.
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The company has a one-year high of $125.00 and a one-year low of $47.57. Currently, Intercept Pharma has an average volume of 644K.
Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ICPT in relation to earlier this year.
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Intercept Pharmaceuticals, Inc. is a biopharmaceutical company, which engages in the research, development, and commercialization of novel therapeutics in treating chronic liver diseases. Its product pipeline is OCALIVA which is used for the treatment of primary biliary cholangitis, nonalcoholic steatohepatitis, primary sclerosing cholangitis, and biliary atresia. The company was founded by Mark E. Pruzanski and Roberto Pellicciari on September 4, 2002 and is headquartered in New York, NY.
