Biogen (NASDAQ:BIIB) price target lowered to $318.00 by Royal Bank of Canada

ME Staff
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Analyst Ratings For Biogen (NASDAQ:BIIB)

Today, Royal Bank of Canada lowered its price target on Biogen (NASDAQ:BIIB) to $318.00 per share.

There are 21 Buy Ratings, 7 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Biogen (NASDAQ:BIIB) is Buy with a consensus target price of $378.7260 per share, a potential 19.52% upside.

Some recent analyst ratings include

  • 1/10/2019-Biogen (NASDAQ:BIIB) had its Buy rating reiterated by JPMorgan Chase & Co.
  • On 2/1/2019 Alexander J Denner, Director, bought 7,000 with an average share price of $328.45 per share and the total transaction amounting to $2,299,150.00.
  • On 1/30/2019 Alexander J Denner, Director, bought 30,000 with an average share price of $324.86 per share and the total transaction amounting to $9,745,800.00.
  • On 9/26/2018 Michael D Ehlers, EVP, sold 1,000 with an average share price of $350.00 per share and the total transaction amounting to $350,000.00.
  • On 4/25/2018 Alexander J Denner, Director, bought 48,000 with an average share price of $269.91 per share and the total transaction amounting to $12,955,680.00.
  • On 2/27/2018 Alfred Sandrock, EVP, sold 259 with an average share price of $290.83 per share and the total transaction amounting to $75,324.97.
  • On 2/20/2018 Alfred Sandrock, EVP, sold 743 with an average share price of $292.00 per share and the total transaction amounting to $216,956.00.
  • On 2/15/2018 Alfred Sandrock, EVP, sold 1,294 with an average share price of $298.85 per share and the total transaction amounting to $386,711.90.

About Biogen (NASDAQ:BIIB)
Biogen Inc. discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative diseases worldwide. The company offers TECFIDERA, AVONEX, PLEGRIDY, TYSABRI, ZINBRYTA, and FAMPYRA for the treatment of multiple sclerosis (MS); FUMADERM for the treatment of plaque psoriasis; and SPINRAZA to treat spinal muscular atrophy. It also provides BENEPALI, an etanercept biosimilar referencing ENBREL; FLIXABI, an infliximab biosimilar referencing REMICADE; RITUXAN for the treatment of non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), and other conditions; GAZYVA to treat CLL and follicular lymphoma; and OCREVUS for the treatment of primary progressive MS and relapsing MS, and other anti-CD20 therapies. In addition, the company is developing BAN2401, which has completed Phase II clinical trial for the treatment of Alzheimer's disease, as well as Elenbecestat that is in Phase III clinical trial for treatment of early Alzheimer's disease. The company's Phase II clinical trial products comprise Opicinumab for MS; BIIB092 for PSP; Natalizumab for Acute Ischemic Stroke and Epilepsy; and BG00011 for idiopathic pulmonary fibrosis. Its Phase I/IIa clinical trial products consist of BIIB080 for patients with mild Alzheimer's disease. The company's Phase I clinical trial products comprise Aducanumab for Alzheimer's disease; BIIB076, an anti-tau monoclonal antibody; and BIIB054 for Parkinson's disease. Biogen Inc. offers products through its sales force and marketing groups. It has strategic collaboration with Ionis Pharmaceuticals to develop drug candidates for neurological diseases; and C4 Therapeutics to develop therapies for treating Alzheimer's disease. The company was formerly known as Biogen Idec Inc. and changed its name to Biogen Inc. in March 2015. Biogen Inc. was founded in 1978 and is headquartered in Cambridge, Massachusetts.

Recent Trading Activity for Biogen (NASDAQ:BIIB)
Shares of Biogen closed the previous trading session at 316,87 up +1,75 0,56 % with 1360900 shares trading hands.