William Blair Sticks to Its Hold Rating for Biogen (BIIB)
William Blair analyst Matt Phipps reiterated a Hold rating on Biogen (BIIB) yesterday. The company’s shares closed last Friday at $264.14.
According to TipRanks.com, Phipps is a 4-star analyst with an average return of 6.5% and a 53.1% success rate. Phipps covers the Healthcare sector, focusing on stocks such as Phasebio Pharmaceuticals, Aileron Therapeutics, and Autolus Therapeutics.
Biogen has an analyst consensus of Hold, with a price target consensus of $312.80, which is a 19.5% upside from current levels. In a report issued on June 9, Bernstein also downgraded the stock to Hold.
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The company has a one-year high of $374.99 and a one-year low of $215.78. Currently, Biogen has an average volume of 1.89M.
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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.
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