Intec Pharma Ltd. (NTEC) Given a $10.00 Price Target at Roth Capital
Intec Pharma Ltd. (NASDAQ:NTEC) has been assigned a $10.00 price objective by equities research analysts at Roth Capital in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the biotechnology company’s stock. Roth Capital’s target price points to a potential upside of 88.68% from the company’s previous close.
A number of other equities research analysts also recently issued reports on the stock. Maxim Group set a $9.00 price target on shares of Intec Pharma and gave the stock a “buy” rating in a report on Wednesday, May 24th. Zacks Investment Research downgraded shares of Intec Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Finally, ValuEngine downgraded shares of Intec Pharma from a “hold” rating to a “sell” rating in a report on Friday, June 9th.
Intec Pharma (NASDAQ:NTEC) traded down 3.77% during midday trading on Thursday, reaching $5.10. 12,296 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $5.47 and its 200 day moving average price is $5.25. Intec Pharma has a 1-year low of $4.20 and a 1-year high of $6.36. The firm’s market cap is $70.06 million.
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Intec Pharma Company Profile
Intec Pharma Ltd is an Israel-based drug development company. It is a development stage biopharmaceutical company that develops formulations of drugs using its proprietary gastric retention technology, the Accordion Pill. The Accordion Pill, a novel gastro-retentive delivery system, improves the pharmacokinetics and pharmacodynamics of various drugs.
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