Shares of Clinigen Group PLC (LON:CLIN) have been assigned an average rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,222.17 ($16.89).
CLIN has been the subject of several recent analyst reports. Numis Securities reiterated an “add” rating and issued a GBX 1,208 ($16.69) price objective on shares of Clinigen Group in a report on Wednesday, January 17th. N+1 Singer reiterated a “buy” rating and issued a GBX 1,225 ($16.92) price objective on shares of Clinigen Group in a report on Wednesday, November 29th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,350 ($18.65) price objective on shares of Clinigen Group in a report on Wednesday, January 17th. Finally, Berenberg Bank upgraded shares of Clinigen Group to a “buy” rating and increased their price objective for the company from GBX 1,200 ($16.58) to GBX 1,220 ($16.86) in a report on Thursday, January 18th.
Shares of Clinigen Group (LON CLIN) traded down GBX 16 ($0.22) during trading hours on Monday, hitting GBX 919.50 ($12.70). 345,901 shares of the company’s stock traded hands, compared to its average volume of 432,646. Clinigen Group has a 12 month low of GBX 751.50 ($10.38) and a 12 month high of GBX 1,187 ($16.40). The firm has a market capitalization of $1,120.00 and a price-to-earnings ratio of 8,359.09.
The business also recently disclosed a dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 22nd will be issued a GBX 1.76 ($0.02) dividend. This represents a dividend yield of 0.2%. The ex-dividend date is Thursday, March 22nd.
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About Clinigen Group
Clinigen Group plc is a United Kingdom-based pharmaceutical and services company. The Company’s principal activities include management, sale and distribution of pharmaceutical products, which have associated expiry dates. The Company operates through five segments: Clinigen Clinical Trial Services (CTS), which sources commercial medical products for use in clinical studies, including comparator drugs, adjuvant drugs and rescue therapies; Idis Managed Access (MA), which is engaged in the consultancy, development, management and implementation of managed access programs for biotechnology and pharmaceutical companies; Idis Global Access (GA), which offers ethical access to post approval and short-supply medicines; Clinigen Specialty Pharmaceuticals (SP), which manufactures and distributes its own and in-licensed specialist, hospital-only medicines around the world, and Link Healthcare, which distributes pharmaceutical products in South Africa, and the Asia and Pacific region.
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