GW Pharma (GWPH) Gets a Buy Rating from Cowen & Co.

In a report released yesterday, Phil Nadeau from Cowen & Co. maintained a Buy rating on GW Pharma (GWPHResearch Report), with a price target of $200. The company’s shares closed yesterday at $152.42.

According to TipRanks.com, Nadeau is a 4-star analyst with an average return of 2.9% and a 45.7% success rate. Nadeau covers the Healthcare sector, focusing on stocks such as BioMarin Pharmaceutical Inc., Phasebio Pharmaceuticals Inc, and Rhythm Pharmaceuticals Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for GW Pharma with a $218.38 average price target, a 43.3% upside from current levels. In a report issued on July 30, Piper Jaffray also maintained a Buy rating on the stock with a $210 price target.

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Based on GW Pharma’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $50.6 million. In comparison, last year the company had a GAAP net loss of $35.27 million.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock.

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GW Pharmaceuticals Plc is a biopharmaceutical company, which engages in the discovery, development, and commercialization of novel therapeutics. It offers its lead cannabinoid product, Epidiolex oral solution CV, a pharmaceutical formulation of cannabidiol (CBD) focusing on the treatment of seizures associated with tuberous sclerosis complex.