Cipher Pharmaceuticals Inc (CPH) Upgraded by Bloom Burton to “Buy”

Cipher Pharmaceuticals Inc (TSE:CPH) (NASDAQ:CPHR) was upgraded by research analysts at Bloom Burton from a “hold” rating to a “buy” rating in a research note issued on Friday, May 12th.

CPH has been the topic of several other reports. CIBC boosted their price objective on shares of Cipher Pharmaceuticals from C$6.90 to C$7.00 in a report on Friday, March 3rd. TD Securities restated a “hold” rating and issued a C$4.75 price objective on shares of Cipher Pharmaceuticals in a report on Tuesday, May 2nd.

Cipher Pharmaceuticals (TSE CPH) traded up 0.18% on Friday, reaching $5.55. 17,420 shares of the company traded hands. The stock’s 50-day moving average is $5.31 and its 200-day moving average is $4.69. The stock’s market capitalization is $147.14 million. Cipher Pharmaceuticals has a 1-year low of $3.50 and a 1-year high of $7.35.

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In other Cipher Pharmaceuticals news, Director Harold Morton Wolkin purchased 23,700 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of C$5.45 per share, for a total transaction of C$129,165.00. Also, insider John Mull purchased 5,000 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were acquired at an average price of C$5.55 per share, for a total transaction of C$27,750.00. Insiders have acquired 87,900 shares of company stock worth $485,425 over the last quarter.

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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