Strongbridge Biopharma PLC (SBBP) Rating Reiterated by HC Wainwright
HC Wainwright restated their buy rating on shares of Strongbridge Biopharma PLC (NASDAQ:SBBP) in a research report released on Wednesday. The brokerage currently has a $18.00 target price on the biotechnology company’s stock.
SBBP has been the topic of a number of other research reports. Oppenheimer Holdings, Inc. began coverage on Strongbridge Biopharma PLC in a report on Thursday, August 10th. They set an outperform rating and a $12.00 price objective on the stock. Zacks Investment Research upgraded Strongbridge Biopharma PLC from a sell rating to a hold rating and set a $7.25 target price on the stock in a research report on Wednesday, October 11th. Finally, ValuEngine downgraded Strongbridge Biopharma PLC from a hold rating to a sell rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $11.81.
Strongbridge Biopharma PLC (NASDAQ SBBP) opened at $5.65 on Wednesday. Strongbridge Biopharma PLC has a twelve month low of $2.00 and a twelve month high of $8.85. The company has a quick ratio of 4.46, a current ratio of 4.70 and a debt-to-equity ratio of -1.89.
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Several large investors have recently modified their holdings of SBBP. State of Wisconsin Investment Board purchased a new stake in shares of Strongbridge Biopharma PLC in the second quarter valued at $114,000. Rhumbline Advisers acquired a new position in Strongbridge Biopharma PLC in the second quarter valued at $154,000. California State Teachers Retirement System acquired a new position in Strongbridge Biopharma PLC in the second quarter valued at $277,000. Teachers Advisors LLC acquired a new position in Strongbridge Biopharma PLC in the second quarter valued at $297,000. Finally, Bank of New York Mellon Corp acquired a new position in Strongbridge Biopharma PLC in the second quarter valued at $331,000. Institutional investors and hedge funds own 56.53% of the company’s stock.
Strongbridge Biopharma PLC Company Profile
Strongbridge Biopharma plc is a global commercial-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapies for a range of diseases. The Company’s commercial product, KEVEYIS (dichlorphenamide), is indicated for the treatment of hyperkalemic, hypokalemic and related variants of primary periodic paralysis.
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