Cipher Pharmaceuticals (TSE:CPH - Get Free Report) NASDAQ: CPHR was upgraded by equities research analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a C$16.00 target price on the stock, up from their prior target price of C$9.50. Stifel Nicolaus' target price would indicate a potential upside of 14.86% from the company's previous close.
Cipher Pharmaceuticals Trading Up 3.6 %
CPH stock traded up C$0.49 during midday trading on Tuesday, hitting C$13.93. The company had a trading volume of 46,534 shares, compared to its average volume of 36,312. The company has a current ratio of 7.96, a quick ratio of 2.67 and a debt-to-equity ratio of 0.38. Cipher Pharmaceuticals has a 52 week low of C$3.45 and a 52 week high of C$14.55. The stock's 50 day moving average price is C$9.52 and its 200 day moving average price is C$8.59. The stock has a market cap of C$335.85 million, a price-to-earnings ratio of 11.33 and a beta of 1.05.
About Cipher Pharmaceuticals
(
Get Free Report)
Cipher Pharmaceuticals Inc operates as a specialty pharmaceutical company in Canada. It offers Epuris (isotretinoin), an oral retinoid indicated for the treatment of severe nodular and/or inflammatory acne, acne conglobate, and recalcitrant acne; Actikerall, a topical solution indicated for the treatment of slightly palpable and/or moderately thick hyperkeratotic actinic keratosis (Grade I/II) of the face, forehead, and balding scalp; Ozanex for the topical treatment of impetigo; Vaniqa, a topical cream for the slowing of the growth of unwanted facial hair in women; Durela, an opioid analgesic for the management of moderate to moderately severe pain in adults; Brinavess for the rapid conversion of onset atrial fibriallation to sinus rhythm in adults; and Aggrastat, a reversible GP IIb/IIIa inhibitor for use in patients with Acute Coronary Syndrome.
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