Oppenheimer analyst Francois Brisebois reiterated a Buy rating on GW Pharma (GWPH) today and set a price target of $183.00. The company’s shares closed last Thursday at $132.10.
According to TipRanks.com, Brisebois is a 3-star analyst with an average return of 8.6% and a 37.2% success rate. Brisebois covers the Healthcare sector, focusing on stocks such as Avadel Pharmaceuticals, Flexion Therapeutics, and Kala Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for GW Pharma with a $177.56 average price target, representing a 31.5% upside. In a report issued on August 3, Needham also maintained a Buy rating on the stock with a $190.00 price target.
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The company has a one-year high of $175.35 and a one-year low of $67.98. Currently, GW Pharma has an average volume of 329.7K.
Based on the recent corporate insider activity of 72 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 GWPH in relation to earlier this year.
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GW Pharmaceuticals Plc is a biopharmaceutical company, which engages in the discovery, development, and commercialization of novel therapeutics. It offers its cannabinoid product, Epidiolex oral solution CV, a pharmaceutical formulation of cannabidiol (CBD) focusing on the treatment of seizures associated with tuberous sclerosis complex. The company was founded by Geoffrey William Guy and Brian Whittle in 1998 and is headquartered in Cambridge, the United Kingdom.
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