Leerink Swann began coverage on shares of GW Pharmaceuticals PLC- (NASDAQ:GWPH) in a report issued on Monday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $185.00 price objective on the biopharmaceutical company’s stock. Leerink Swann also issued estimates for GW Pharmaceuticals PLC-‘s Q4 2018 earnings at ($2.70) EPS, Q1 2019 earnings at ($2.40) EPS, Q2 2019 earnings at ($2.43) EPS, Q3 2019 earnings at ($2.03) EPS, Q4 2019 earnings at ($1.68) EPS and Q1 2020 earnings at ($1.31) EPS.

Several other equities analysts have also commented on the company. Morgan Stanley set a $227.00 price target on GW Pharmaceuticals PLC- and gave the company a buy rating in a research note on Thursday, October 11th. Zacks Investment Research downgraded GW Pharmaceuticals PLC- from a buy rating to a hold rating in a report on Friday, August 10th. BidaskClub downgraded GW Pharmaceuticals PLC- from a hold rating to a sell rating in a report on Wednesday, August 1st. Stifel Nicolaus started coverage on GW Pharmaceuticals PLC- in a report on Tuesday, August 14th. They issued a buy rating and a $181.00 price objective on the stock. Finally, ValuEngine downgraded GW Pharmaceuticals PLC- from a buy rating to a hold rating in a report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. GW Pharmaceuticals PLC- presently has a consensus rating of Buy and a consensus target price of $187.63.

Shares of GW Pharmaceuticals PLC- stock traded down $3.10 during trading hours on Monday, hitting $126.15. The company’s stock had a trading volume of 96,759 shares, compared to its average volume of 453,805. GW Pharmaceuticals PLC- has a twelve month low of $105.12 and a twelve month high of $179.65. The firm has a market cap of $4.05 billion, a PE ratio of -18.15 and a beta of 2.25. The company has a quick ratio of 8.21, a current ratio of 8.67 and a debt-to-equity ratio of 0.01.

A number of hedge funds and other institutional investors have recently modified their holdings of GWPH. Capital World Investors increased its holdings in shares of GW Pharmaceuticals PLC- by 15.4% in the 3rd quarter. Capital World Investors now owns 2,517,090 shares of the biopharmaceutical company’s stock valued at $434,802,000 after acquiring an additional 335,840 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings in shares of GW Pharmaceuticals PLC- by 21.5% in the 3rd quarter. Pictet Asset Management Ltd. now owns 496,345 shares of the biopharmaceutical company’s stock valued at $7,356,000 after acquiring an additional 87,698 shares during the last quarter. Baker BROS. Advisors LP increased its holdings in shares of GW Pharmaceuticals PLC- by 23.3% in the 3rd quarter. Baker BROS. Advisors LP now owns 396,700 shares of the biopharmaceutical company’s stock valued at $68,526,000 after acquiring an additional 74,900 shares during the last quarter. Morgan Stanley increased its holdings in shares of GW Pharmaceuticals PLC- by 9.8% in the 2nd quarter. Morgan Stanley now owns 378,776 shares of the biopharmaceutical company’s stock valued at $52,855,000 after acquiring an additional 33,784 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of GW Pharmaceuticals PLC- by 11.0% in the 3rd quarter. Alliancebernstein L.P. now owns 344,577 shares of the biopharmaceutical company’s stock valued at $59,522,000 after acquiring an additional 34,010 shares during the last quarter. Institutional investors own 69.92% of the company’s stock.

GW Pharmaceuticals PLC- Company Profile

GW Pharmaceuticals plc, a biopharmaceutical company, engages in discovering, developing, and commercializing cannabinoid prescription medicines using botanical extracts derived from the Cannabis plant. The company operates through three segments: Commercial, Sativex Research and Development, and Pipeline Research and Development.

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Analyst Recommendations for GW Pharmaceuticals PLC- (NASDAQ:GWPH)

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