Redhill Biopharma Ltd. (RDHL) Price Target Lowered to $20.00 at Roth Capital
Redhill Biopharma Ltd. (NASDAQ:RDHL) had its price objective decreased by equities research analysts at Roth Capital from $27.00 to $20.00 in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the biotechnology company’s stock. Roth Capital’s price objective points to a potential upside of 288.35% from the stock’s previous close.
Several other brokerages also recently commented on RDHL. Zacks Investment Research upgraded Redhill Biopharma from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. HC Wainwright reiterated a “buy” rating and set a $36.00 target price (up from $33.00) on shares of Redhill Biopharma in a research note on Wednesday, October 4th. Seaport Global Securities initiated coverage on Redhill Biopharma in a research note on Friday, October 6th. They set a “buy” rating and a $19.00 target price for the company. Finally, UBS AG initiated coverage on Redhill Biopharma in a research note on Wednesday, September 13th. They set a “reduce” rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $21.95.
Redhill Biopharma (NASDAQ:RDHL) opened at $5.15 on Tuesday. Redhill Biopharma has a one year low of $5.09 and a one year high of $12.09.
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Redhill Biopharma Company Profile
Redhill Biopharma Ltd, is an Israel-based specialty biopharmaceutical company. The Company focuses on the development and commercialization of late clinical-stage, proprietary, orally-administered, small molecule drugs for the treatment of gastrointestinal and inflammatory diseases and cancer. It offers the following gastrointestinal products in the United States: Donnatal, a prescription oral adjunctive drug used in the treatment of Irritable Bowel Syndrome (IBS) and acute enterocolitis, as well as EnteraGam, a medical food intended for the dietary management, under medical supervision, of chronic diarrhea and loose stools.
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