IntelliPharmaCeutics Intl (NASDAQ:IPCI) (TSE:I) has been given a $3.00 price target by equities research analysts at HC Wainwright in a research note issued on Monday. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price target would indicate a potential upside of 279.75% from the company’s previous close.
A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded IntelliPharmaCeutics Intl from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Maxim Group set a $2.00 target price on IntelliPharmaCeutics Intl and gave the company a “buy” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. IntelliPharmaCeutics Intl currently has an average rating of “Hold” and a consensus target price of $2.53.
IntelliPharmaCeutics Intl (NASDAQ IPCI) traded up $0.04 during trading hours on Monday, reaching $0.79. The company had a trading volume of 148,979 shares, compared to its average volume of 534,710. The firm has a market capitalization of $23.30, a price-to-earnings ratio of -2.25 and a beta of 1.06. IntelliPharmaCeutics Intl has a 52-week low of $0.70 and a 52-week high of $2.92.
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IntelliPharmaCeutics Intl Company Profile
Intellipharmaceutics International Inc is a Canada-based pharmaceutical company engaged in the research, development and manufacture of controlled-release and targeted-release oral solid dosage drugs. Its Hypermatrix technology is a multidimensional controlled-release drug delivery platform that is applied to the development of a range of existing and new pharmaceuticals.
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