Brokerages Set $12.00 Target Price for Dipexium Pharmaceuticals, Inc. (PLXP)
Shares of Dipexium Pharmaceuticals, Inc. (NASDAQ:PLXP) have earned an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.
Brokerages have set a 1 year consensus price objective of $12.00 for the company, according to Zacks. Zacks has also given Dipexium Pharmaceuticals an industry rank of 106 out of 265 based on the ratings given to its competitors.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Dipexium Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Thursday, November 16th. Redburn Partners upgraded Dipexium Pharmaceuticals to an “outperform” rating in a research note on Tuesday, August 1st. Finally, UBS AG upgraded Dipexium Pharmaceuticals from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research note on Monday, July 31st.
Several institutional investors have recently bought and sold shares of PLXP. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Dipexium Pharmaceuticals in the 3rd quarter worth approximately $145,000. Susquehanna International Group LLP purchased a new stake in shares of Dipexium Pharmaceuticals in the 2nd quarter worth approximately $1,413,000. Finally, University of Texas Investment Managment Co. purchased a new stake in shares of Dipexium Pharmaceuticals in the 2nd quarter worth approximately $385,000. Institutional investors own 22.83% of the company’s stock.
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Dipexium Pharmaceuticals Company Profile
PLx Pharma Inc, formerly Dipexium Pharmaceuticals, Inc, is a biopharmaceutical company. The Company is a late stage specialty pharmaceutical company focusing on commercializing its lead products: Aspertec 325 mg and Aspertec 81 mg (Aspertec). The Company’s products and technology includes PLxGuard delivery system, Aspertec 325 mg, PL1100/PL1200 Ibuprofen.
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