Mizuho Securities Sticks to Its Buy Rating for Celgene (CELG)


Mizuho Securities analyst Salim Syed maintained a Buy rating on Celgene (CELG) on July 17 and set a price target of $103. The company’s shares closed on Friday at $90.20.

According to TipRanks.com, Syed has 0 stars on 0-5 star ranking scale with an average return of -6.3% and a 36.1% success rate. Syed covers the Healthcare sector, focusing on stocks such as Unity Biotechnology Inc, Atara Biotherapeutics, and Neon Therapeutics Inc.

Currently, the analyst consensus on Celgene is a Moderate Buy with an average price target of $101.75.

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Celgene’s market cap is currently $63.57B and has a P/E ratio of 13.71. The company has a Price to Book ratio of 7.79.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CELG in relation to earlier this year. Last month, Michael D. Casey, a Director at CELG bought 24,666 shares for a total of $554,245.

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.

Celgene Corp. is an integrated global biopharmaceutical company, which engages in the discovery, development and commercialization of therapies for the treatment of cancer and inflammatory diseases. Its primary commercial stage products include REVLIMID, POMALYST, IMNOVID, OTEZLA, ABRAXANE, and VIDAZA. The company was founded by David Stirling and Sol Barer in 1986 and is headquartered in Summit, NJ.

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