Biogen (BIIB) Receives a Hold from Mizuho Securities

In a report issued on February 17, Salim Syed from Mizuho Securities maintained a Hold rating on Biogen (BIIB), with a price target of $244.00. The company’s shares closed last Monday at $284.78.

According to, Syed has 0 stars on 0-5 stars ranking scale with an average return of -3.0% and a 48.1% success rate. Syed covers the Healthcare sector, focusing on stocks such as Atara Biotherapeutics, Assembly Biosciences, and Unity Biotechnology.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Biogen with a $311.67 average price target, representing a 12.9% upside. In a report issued on February 5, DZ BANK AG also downgraded the stock to Hold with a $264.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $363.92 and a one-year low of $223.25. Currently, Biogen has an average volume of 1.31M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Biogen, Inc. is a biopharmaceutical company, which engages in discovering, developing, and delivering therapies for neurological and neurodegenerative diseases. It offers TECFIDERA, AVONEX, PLEGRIDY, TYSABRI, ZINBRYTA, and FAMPYRA for the treatment of multiple sclerosis; SPINRAZA for the treatment of spinal muscular atrophy; and FUMADERM for the treatment of severe plaque psoriasis. The company was founded by Charles Weissmann, Heinz Schaller, Kenneth Murray, Walter Gilbert, and Phillip Allen Sharp in 1978 and is headquartered in Cambridge, MA.

Read More on BIIB:

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts