Egalet (EGLT) Given a $7.00 Price Target at Cantor Fitzgerald
Cantor Fitzgerald set a $7.00 price target on Egalet (NASDAQ:EGLT) in a research report report published on Tuesday morning. The brokerage currently has a buy rating on the specialty pharmaceutical company’s stock.
EGLT has been the subject of several other research reports. Gabelli downgraded Egalet from a buy rating to a hold rating in a research report on Thursday, November 9th. Stifel Nicolaus reiterated a buy rating and issued a $6.00 price target (down previously from $14.00) on shares of Egalet in a research note on Thursday, August 10th. Finally, Guggenheim set a $7.00 price target on Egalet and gave the stock a buy rating in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $7.10.
Shares of Egalet (NASDAQ:EGLT) opened at $1.27 on Tuesday. Egalet has a 1 year low of $0.80 and a 1 year high of $10.00. The company has a debt-to-equity ratio of -3.43, a quick ratio of 2.68 and a current ratio of 2.73.
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Egalet Corporation is a specialty pharmaceutical company. The Company is engaged in developing, manufacturing and commercializing treatments for pain and other conditions. The Company’s products include OXAYDO and SPRIX Nasal Spray. The Company is developing two late-stage product candidates, ARYMO ER and Egalet-002 using Guardian Technology.
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