Galmed Pharmaceuticals Ltd (GLMD) Given Average Rating of “Buy” by Analysts
Shares of Galmed Pharmaceuticals Ltd (NASDAQ:GLMD) have earned a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $20.75.
Several research analysts have recently issued reports on GLMD shares. Maxim Group set a $14.00 price target on Galmed Pharmaceuticals and gave the stock a “buy” rating in a research note on Thursday, October 5th. Seaport Global Securities reissued a “buy” rating and issued a $19.00 price target on shares of Galmed Pharmaceuticals in a research note on Friday, October 6th. Zacks Investment Research cut Galmed Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. HC Wainwright reaffirmed a “buy” rating and set a $18.00 target price on shares of Galmed Pharmaceuticals in a research note on Friday, October 27th. Finally, Roth Capital started coverage on Galmed Pharmaceuticals in a research note on Wednesday, November 15th. They set a “buy” rating and a $32.00 target price for the company.
Hedge funds have recently made changes to their positions in the stock. KCG Holdings Inc. bought a new position in Galmed Pharmaceuticals during the first quarter valued at about $100,000. GRT Capital Partners L.L.C. purchased a new stake in shares of Galmed Pharmaceuticals during the second quarter valued at $114,000. Finally, 683 Capital Management LLC lifted its holdings in shares of Galmed Pharmaceuticals by 9.9% during the third quarter. 683 Capital Management LLC now owns 549,295 shares of the biopharmaceutical company’s stock valued at $5,021,000 after purchasing an additional 49,295 shares during the last quarter. 9.85% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: “Galmed Pharmaceuticals Ltd (GLMD) Given Average Rating of “Buy” by Analysts” was originally published by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/12/10/galmed-pharmaceuticals-ltd-glmd-given-average-rating-of-buy-by-analysts.html.
Galmed Pharmaceuticals Company Profile
Galmed Pharmaceuticals Ltd. is a clinical-stage biopharmaceutical company. The Company focuses on the development and commercialization of once-daily, oral therapy for the treatment of liver diseases and cholesterol gallstones utilizing its synthetic fatty-acid/bile-acid conjugate (FABAC), called aramchol.
Receive News & Ratings for Galmed Pharmaceuticals Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galmed Pharmaceuticals Ltd and related companies with MarketBeat.com's FREE daily email newsletter.