In a report released today, Salim Syed from Mizuho Securities maintained a Buy rating on Coherus Biosciences (CHRS – Research Report), with a price target of $43.00. The company’s shares closed last Monday at $16.09.
According to TipRanks.com, Syed ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.1% and a 47.5% success rate. Syed covers the Healthcare sector, focusing on stocks such as Atara Biotherapeutics, Assembly Biosciences, and Unity Biotechnology.
Coherus Biosciences has an analyst consensus of Moderate Buy, with a price target consensus of $37.00.
The company has a one-year high of $23.91 and a one-year low of $8.32. Currently, Coherus Biosciences has an average volume of 1.02M.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CHRS in relation to earlier this year.
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Coherus BioSciences, Inc. is a commercial-stage clinical biologics platform company, which engages in the development and commercialization of biosimilar therapeutics. Its clinical products include pegfilgrastim biosimilar, adalimumab biosimilar, etanercept biosimilar, ranibizumab biosimilar, and aflibercept biosimilar.