Intercept Pharmaceuticals Given Consensus Rating of “Buy” by Brokerages (NASDAQ:ICPT)
Intercept Pharmaceuticals (NASDAQ:ICPT) has been given a consensus rating of “Buy” by the thirteen ratings firms that are currently covering the stock, AnalystRatings.Net reports. Two analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $454.20.
In other Intercept Pharmaceuticals news, CEO Mark Pruzanski unloaded 10,000 shares of Intercept Pharmaceuticals stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $226.72, for a total value of $2,267,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Intercept Pharmaceuticals (NASDAQ:ICPT) traded up 0.90% during mid-day trading on Thursday, hitting $225.4999. The stock had a trading volume of 14,029 shares. Intercept Pharmaceuticals has a 52 week low of $42.41 and a 52 week high of $497.00. The stock’s 50-day moving average is $236.5 and its 200-day moving average is $293.9. The company’s market cap is $4.755 billion.
ICPT has been the subject of a number of recent research reports. Analysts at Nomura upgraded shares of Intercept Pharmaceuticals from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 29th. They now have a $323.00 price target on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of Intercept Pharmaceuticals in a research note on Monday, July 14th. They set a “buy” rating and a $395.00 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Intercept Pharmaceuticals in a research note on Wednesday, July 2nd. They set a “neutral” rating and a $265.00 price target on the stock.
Intercept Pharmaceuticals, Inc is a biopharmaceutical company focused on the development and commercialization of therapeutics to treat chronic liver diseases utilizing its bile acid chemistry.
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