Cipher Pharmaceuticals Inc (CPH) PT Raised to C$8.00 at CIBC

Cipher Pharmaceuticals Inc (TSE:CPH) (NASDAQ:CPHR) had its price target upped by CIBC from C$7.50 to C$8.00 in a research report report published on Friday, May 12th.

A number of other research analysts have also recently commented on the company. TD Securities reissued a hold rating and issued a C$4.75 target price on shares of Cipher Pharmaceuticals in a research note on Tuesday, May 2nd. Bloom Burton reaffirmed a hold rating on shares of Cipher Pharmaceuticals in a research note on Monday, February 13th.

Cipher Pharmaceuticals (TSE CPH) traded up 0.18% during trading on Friday, reaching $5.55. The company’s stock had a trading volume of 17,420 shares. The firm’s market cap is $147.14 million. The stock’s 50 day moving average is $5.31 and its 200-day moving average is $4.69. Cipher Pharmaceuticals has a 52 week low of $3.50 and a 52 week high of $7.35.

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In related news, insider John Mull acquired 5,000 shares of the stock in a transaction on Tuesday, June 13th. The stock was acquired at an average cost of C$5.55 per share, for a total transaction of C$27,750.00. Also, Director Harold Morton Wolkin bought 23,700 shares of the stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average price of C$5.45 per share, with a total value of C$129,165.00. Over the last quarter, insiders have bought 87,900 shares of company stock valued at $485,425.

About Cipher Pharmaceuticals

Cipher Pharmaceuticals Inc is a specialty pharmaceutical dermatology company. The Company has a portfolio of commercial and late-stage products. It operates in the specialty pharmaceuticals segment. It acquires products and compounds for treatment of various medical needs. Its commercial product portfolio includes ABSORICA; SITAVIG; NUVAIL; BIONECT; CLN8; INOVA; PRO:12 MOUSSE; AL12; LOTION UMECTA; ACLARO; EPURIS; VANIQA; ACTIKERALL; BETEFLAM; LIPOFEN; CONZIP, and DURELA.

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