Intercept Pharmaceuticals Inc (NASDAQ:ICPT) shares traded down 8.2% during trading on Thursday . The stock traded as low as $53.25 and last traded at $53.29. 1,266,062 shares changed hands during mid-day trading, an increase of 14% from the average session volume of 1,109,358 shares. The stock had previously closed at $58.08.
Several research analysts have recently commented on the company. Wedbush reissued a “buy” rating and issued a $253.00 price target on shares of Intercept Pharmaceuticals in a research report on Friday, December 22nd. ValuEngine downgraded Intercept Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. BidaskClub upgraded Intercept Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 25th. Leerink Swann restated a “hold” rating and set a $60.00 target price on shares of Intercept Pharmaceuticals in a research note on Tuesday, November 28th. Finally, Oppenheimer restated a “hold” rating on shares of Intercept Pharmaceuticals in a research note on Monday, January 29th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $134.86.
The company has a current ratio of 5.95, a quick ratio of 5.95 and a debt-to-equity ratio of 3.15.
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About Intercept Pharmaceuticals
Intercept Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics to treat non-viral, progressive liver diseases. The Company’s product candidates have the potential to treat orphan and more prevalent diseases for which there are limited therapeutic solutions.
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