Canaccord Genuity analyst John Newman reiterated a Buy rating on Tigenix NV (NASDAQ: TIG) today and set a price target of $22. The company’s shares closed yesterday at $15.04.
According to TipRanks.com, Newman is ranked 0 out of 5 stars with an average return of -13.7% and a 31.3% success rate. Newman covers the Healthcare sector, focusing on stocks such as Advanced Accelerator Applications, Hutchison China MediTech Ltd, and Dimension Therapeutics Inc.
Tigenix NV has an analyst consensus of Moderate Buy.
The company has a one year high of $16 and a one year low of $10.77. Currently, Tigenix NV has an average volume of 73.42K.
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TiGenix NV is an advanced biopharmaceutical company focused on developing and commercializing novel therapeutics from its proprietary platforms of allogeneic, or donor derived, expanded stem cells. Its products include Cx601 and Cx611. Cx601 product is in Phase III, which is used for the treatment of complex perianal fistulas in Crohn’s disease patients. The company has operations in Madrid, Spain. TiGenix was founded by Gil Beyen and Frank P. Luyten on February 21, 2000 and is headquartered in Leuven, Belgium