Maxim Group set a $14.00 price objective on Galmed Pharmaceuticals (NASDAQ:GLMD) in a research note issued to investors on Wednesday morning. The brokerage currently has a buy rating on the biopharmaceutical company’s stock.
GLMD has been the subject of a number of other reports. HC Wainwright restated a buy rating and set a $18.00 price target on shares of Galmed Pharmaceuticals in a research report on Friday, October 27th. Seaport Global Securities reiterated a buy rating and issued a $19.00 target price on shares of Galmed Pharmaceuticals in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of Galmed Pharmaceuticals from a hold rating to a buy rating and set a $8.50 target price for the company in a research report on Tuesday, November 14th. Roth Capital initiated coverage on shares of Galmed Pharmaceuticals in a research report on Wednesday, November 15th. They issued a buy rating and a $32.00 target price for the company. Finally, ValuEngine lowered shares of Galmed Pharmaceuticals from a hold rating to a sell rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of $18.30.
Shares of Galmed Pharmaceuticals (NASDAQ GLMD) traded down $0.30 during mid-day trading on Wednesday, reaching $9.78. 46,800 shares of the company’s stock were exchanged, compared to its average volume of 76,433. Galmed Pharmaceuticals has a 1-year low of $3.58 and a 1-year high of $10.70. The company has a market cap of $127.72, a PE ratio of -8.02 and a beta of 2.46.
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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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