JMP Securities Begins Coverage on Innocoll AG (INNL)
JMP Securities initiated coverage on shares of Innocoll AG (NASDAQ:INNL) in a research note issued on Tuesday. The firm set a “market outperform” rating and a $18.00 price target on the stock. JMP Securities’ target price indicates a potential upside of 104.55% from the stock’s previous close.
Shares of Innocoll AG (NASDAQ:INNL) traded up 2.27% during mid-day trading on Tuesday, hitting $9.00. The stock had a trading volume of 92,509 shares. Innocoll AG has a 52 week low of $8.00 and a 52 week high of $9.51. The stock has a 50-day moving average of $8.58 and a 200-day moving average of $8.58. The company’s market cap is $4.6 million.
A number of other analysts have also recently weighed in on INNL. Analysts at Stifel Nicolaus initiated coverage on shares of Innocoll AG in a research note on Tuesday. They set a “buy” rating and a $18.00 price target on the stock. Analysts at Piper Jaffray initiated coverage on shares of Innocoll AG in a research note on Tuesday. They set an “overweight” rating and a $14.00 price target on the stock.
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