Intec Pharma (NTEC) PT Set at $15.00 by Oppenheimer

Oppenheimer set a $15.00 target price on Intec Pharma (NASDAQ:NTEC) in a research report released on Thursday, November 16th. The brokerage currently has a buy rating on the biotechnology company’s stock.

A number of other equities analysts have also issued reports on the company. Zacks Investment Research upgraded Intec Pharma from a sell rating to a hold rating in a research note on Wednesday, October 11th. CIBC reiterated an outperform rating and set a $15.00 price objective (up previously from $10.00) on shares of Intec Pharma in a research note on Thursday, September 21st. Finally, Roth Capital set a $10.00 target price on Intec Pharma and gave the company a buy rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $11.00.

Shares of Intec Pharma (NTEC) traded down $0.15 during mid-day trading on Thursday, reaching $5.55. The company had a trading volume of 91,737 shares, compared to its average volume of 44,903. Intec Pharma has a one year low of $4.20 and a one year high of $9.80.

A number of hedge funds have recently bought and sold shares of NTEC. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Intec Pharma by 5.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 522,200 shares of the biotechnology company’s stock worth $2,977,000 after buying an additional 25,000 shares during the last quarter. Caxton Corp acquired a new position in shares of Intec Pharma during the 3rd quarter worth approximately $681,000. Sectoral Asset Management Inc acquired a new position in shares of Intec Pharma during the 3rd quarter worth approximately $3,177,000. Finally, Pura Vida Investments LLC acquired a new position in shares of Intec Pharma during the 3rd quarter worth approximately $895,000. Institutional investors own 40.16% of the company’s stock.

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About Intec Pharma

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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