Ladenburg Thalmann & Co. Thinks Intec Pharma Ltd’s Stock is Going to Recover
In a report released today, Michael Higgins from Ladenburg Thalmann & Co. maintained a Buy rating on Intec Pharma Ltd (NTEC), with a price target of $15. The company’s shares closed yesterday at $4.18, close to its 52-week low of $3.55.
According to TipRanks.com, Higgins has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.4% and a 31.4% success rate. Higgins covers the Healthcare sector, focusing on stocks such as Armata Pharmaceuticals Inc, Rhythm Pharmaceuticals Inc, and Achieve Life Sciences Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Intec Pharma Ltd with a $15 average price target.
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The company has a one-year high of $9.25 and a one-year low of $3.55. Currently, Intec Pharma Ltd has an average volume of 244K.
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Intec Pharma Ltd. is a clinical-stage biopharmaceutical company, which focuses on developing drugs based on its proprietary Accordion Pill platform technology. Its product pipeline includes four product candidates in clinical trial stages: Accordion Pill Carbidopa/Levodopa, which is being developed for the treatment of Parkinson’s disease symptoms in advanced Parkinson’s disease patients; Accordion Pill Zaleplon, which is being developed for the treatment of insomnia, including sleep induction and the improvement of sleep maintenance; an Accordion Pill that is being developed for the prevention and treatment of gastroduodenal and small bowel Nonsteroidal Anti-Inflammatory Drug which induces ulcers; and AP-CBD/THC, an Accordion Pill with the two primary cannabinoids contained in Cannabis sativa, cannabidiol and tetrahydrocannabinol, which is being developed for various indications including low back neuropathic pain and fibromyalgia. The company was founded by Zvi Joseph in 2000 and is headquartered in Jerusalem, Israel.