Biohaven Pharmaceutical Holding Co Ltd (BHVN) Stock Price Down 0.2% Following Analyst Downgrade
Biohaven Pharmaceutical Holding Co Ltd (NASDAQ:BHVN) was down 0.2% during trading on Wednesday after Needham & lowered their price target on the stock from $43.00 to $36.00. Needham & currently has a buy rating on the stock. Biohaven Pharmaceutical Holding Co traded as low as $32.02 and last traded at $33.00. Approximately 185,451 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 157,870 shares. The stock had previously closed at $33.08.
Other equities analysts also recently issued research reports about the company. BidaskClub downgraded Biohaven Pharmaceutical Holding Co from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 20th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $54.00 price target on shares of Biohaven Pharmaceutical Holding Co in a research report on Tuesday, September 12th. Zacks Investment Research upgraded Biohaven Pharmaceutical Holding Co from a “sell” rating to a “hold” rating in a report on Friday, September 8th. Finally, Morgan Stanley boosted their price objective on Biohaven Pharmaceutical Holding Co from $28.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, September 25th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Biohaven Pharmaceutical Holding Co has an average rating of “Buy” and an average price target of $40.80.
The company has a 50 day moving average price of $35.38 and a 200-day moving average price of $27.66. The company’s market cap is $1.19 billion.
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About Biohaven Pharmaceutical Holding Co
Biohaven Pharmaceutical Holding Company Ltd. is a United States-based biopharmaceutical company. The Company is engaged in the identification and development of clinical-stage compounds targeting orphan neurologic indications and other neurological pathways. It has a portfolio of multiple late-stage drug candidates.
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