After Merrill Lynch and H.C. Wainwright gave GW Pharma (NASDAQ: GWPH) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Esther Rajavelu maintained a Buy rating on GW Pharma today and set a price target of $173.00. The company’s shares closed last Monday at $117.05.
According to TipRanks.com, Rajavelu is a 1-star analyst with an average return of -2.9% and a 43.7% success rate. Rajavelu covers the Healthcare sector, focusing on stocks such as Biohaven Pharmaceutical Holding Co, Teva Pharmaceutical Industries, and Arrowhead Pharmaceuticals.
GW Pharma has an analyst consensus of Strong Buy, with a price target consensus of $197.29, which is a 57.7% upside from current levels. In a report released yesterday, Cowen & Co. also maintained a Buy rating on the stock with a $180.00 price target.
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Based on GW Pharma’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $13.67 million. In comparison, last year the company had a GAAP net loss of $68.95 million.
Based on the recent corporate insider activity of 38 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.
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.
GW Pharmaceuticals Plc is a biopharmaceutical company, which engages in the discovery, development, and commercialization of novel therapeutics. It offers its lead cannabinoid product, Epidiolex oral solution CV, a pharmaceutical formulation of cannabidiol (CBD) focusing on the treatment of seizures associated with tuberous sclerosis complex.
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