Citigroup Maintains Alkermes Plc to Neutral with Price Target $53.00

Brokerage firm Citigroup Maintains its rating on Alkermes Plc(NASDAQ:ALKS). In a research note issued to the investors, the brokerage major Raises the price-target to $53.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Sep 27, 2016.

In a different note, On Jul 29, 2016, Barclays said it Maintains its rating on Alkermes Plc. In the research note, the firm Raises the price-target to $65.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 29, 2016, Jefferies said it Maintains its rating on Alkermes Plc. In the research note, the firm Raises the price-target to $54.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 26, 2016, Cowen & Company said it Upgrades its rating on Alkermes Plc. The shares have been rated ‘Market Perform’ by the firm. On Jul 13, 2016, Barclays said it Maintains its rating on Alkermes Plc. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Overweight’ by the firm.

Alkermes Plc (ALKS) made into the market gainers list on Fridays trading session with the shares advancing 0.69% or 0.32 points. Due to strong positive momentum, the stock ended at $47.03, which is also near the day’s high of $47.2174. The stock began the session at $47.16 and the volume stood at 7,01,140 shares. The 52-week high of the shares is $80.71 and the 52 week low is $27.14. The company has a current market capitalization of $7,128 M and it has 15,15,56,700 shares in outstanding.

Alkermes Plc(ALKS) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $195.16M. Analysts had an estimated revenue of $174.15M. Earnings per share were $-0.01. Analysts had estimated an EPS of $-0.10.

Several Insider Transactions has been reported to the SEC. On Sep 22, 2016, Elliot Ehrich (EVP, R&D & CMO, Alkermes, Inc.) sold 5,000 shares at $50.83 per share price.Also, On Sep 7, 2016, Iain Michael Brown (SVP Finance & CAO, Alks Inc.) sold 29,976 shares at $46.11 per share price.On Sep 7, 2016, David Joseph Gaffin (SVP, CLO, Alkermes, Inc.) sold 2,382 shares at $45.92 per share price, according to the Form-4 filing with the securities and exchange commission.

Alkermes Public Limited Company is a biopharmaceutical company. The Company is engaged in researching developing and commercializing both with partners and on its own pharmaceutical products that are designed to meet unmet medical needs of patients in major therapeutic areas. The Company has a portfolio of more than 20 products and a clinical pipeline of product candidates being developed for the treatment of central nervous system (CNS) disorders such as addiction schizophrenia and depression. The Company is conducting clinical studies on new pharmaceutical products. These include Aripiprazole Lauroxil ALKS 5461 ALKS 3831 ALKS 8700 and RDB 1419. The Company’s main marketed products include RISPERDAL CONSTA INVEGA SUSTENNA/XEPLION AMPYRA/FAMPYRA BYDUREON and VIVITROL.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Alkermes Plc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Alkermes Plc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.