Cipher Pharmaceuticals Inc (TSE:CPH) (NASDAQ:CPHR) was downgraded by research analysts at Bloom Burton from a “buy” rating to a “hold” rating in a research note issued on Monday.

Several other equities research analysts also recently commented on CPH. CIBC increased their price objective on shares of Cipher Pharmaceuticals from C$7.50 to C$8.00 in a research report on Friday, May 12th. TD Securities increased their price target on shares of Cipher Pharmaceuticals from C$5.50 to C$6.50 in a research note on Monday.

Shares of Cipher Pharmaceuticals (TSE:CPH) opened at 5.24 on Monday. Cipher Pharmaceuticals has a 12-month low of $3.50 and a 12-month high of $6.00. The stock’s 50 day moving average price is $5.40 and its 200-day moving average price is $4.96. The company’s market cap is $138.92 million.

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In related news, Director Harold Morton Wolkin acquired 15,000 shares of the stock in a transaction dated Tuesday, May 30th. The stock was bought at an average price of C$5.57 per share, for a total transaction of C$83,550.00. Also, insider John Mull acquired 5,000 shares of the stock in a transaction dated Monday, June 12th. The stock was bought at an average price of C$5.55 per share, with a total value of C$27,750.00. Insiders have purchased a total of 97,700 shares of company stock worth $542,370 over the last ninety days.

About Cipher Pharmaceuticals

Cipher Pharmaceuticals Inc is a specialty pharmaceutical dermatology company. The Company has a portfolio of commercial and late-stage products. It operates in the specialty pharmaceuticals segment. It acquires products and compounds for treatment of various medical needs. Its commercial product portfolio includes ABSORICA; SITAVIG; NUVAIL; BIONECT; CLN8; INOVA; PRO:12 MOUSSE; AL12; LOTION UMECTA; ACLARO; EPURIS; VANIQA; ACTIKERALL; BETEFLAM; LIPOFEN; CONZIP, and DURELA.

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