Economy

The Eyegate Pharmaceuticals' (EYEG) Buy Rating Reiterated at Chardan Capital

They presently have a $6.00 target price on the specialty pharmaceutical company's stock. HC Wainwright's target price would suggest a potential upside of 421.74% from the company's current price. "Management was clear that with their efforts to preserve cash, they have runway through 2018 and through catalysts; data from both ARRIVE and ARREST studies".

Maxim Group analyst Jason Kolbert assigned a Buy rating to Galmed Pharmaceuticals (NASDAQ: GLMD) today and set a price target of $14. Rodman & Renshaw reiterated a buy rating and issued a $10.00 target price on shares of Eyegate Pharmaceuticals in a research note on Thursday, December 1st. Galmed Pharmaceuticals now has a consensus rating of "Buy" and an average price target of $14.75.

Eyegate Pharmaceuticals (NASDAQ:EYEG) traded down $0.03 during midday trading on Thursday, hitting $1.15. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.

The company has a one-year high of $9.59 and a one-year low of $3.04.

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A hedge fund recently raised its stake in Eyegate Pharmaceuticals stock. The firm owned 247,319 shares of the specialty pharmaceutical company's stock after buying an additional 1,988 shares during the period. KCG Holdings Inc. owned 0.17% of Galmed Pharmaceuticals at the end of the most recent quarter.

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