Galmed Pharmaceuticals (NASDAQ:GLMD) received a $14.00 price target from research analysts at Maxim Group in a report released on Wednesday. The brokerage presently has a “buy” rating on the biopharmaceutical company’s stock. Maxim Group’s price target suggests a potential upside of 74.56% from the company’s previous close.
GLMD has been the subject of several other reports. Roth Capital initiated coverage on shares of Galmed Pharmaceuticals in a research note on Wednesday, November 15th. They set a “buy” rating and a $32.00 target price for the company. ValuEngine lowered shares of Galmed Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Seaport Global Securities restated a “buy” rating and set a $19.00 price target on shares of Galmed Pharmaceuticals in a report on Friday, October 6th. HC Wainwright restated a “buy” rating and set a $18.00 price target on shares of Galmed Pharmaceuticals in a report on Friday, October 27th. Finally, Zacks Investment Research lowered shares of Galmed Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. One 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 a consensus target price of $18.30.
Galmed Pharmaceuticals (GLMD) traded up $0.07 during mid-day trading on Wednesday, reaching $8.02. 17,700 shares of the company traded hands, compared to its average volume of 35,077. Galmed Pharmaceuticals has a fifty-two week low of $3.04 and a fifty-two week high of $9.59.
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About Galmed Pharmaceuticals
Galmed Pharmaceuticals Ltd. is a clinical-stage biopharmaceutical company. The Company focuses on the development and commercialization of once-daily, oral therapy for the treatment of liver diseases and cholesterol gallstones utilizing its synthetic fatty-acid/bile-acid conjugate (FABAC), called aramchol.
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