Published On: Wed, Sep 7th, 2016

GW Pharmaceuticals PLC- (GWPH) Shares Gap Up to $82.73

Shares of GW Pharmaceuticals PLC- (NASDAQ:GWPH) gapped up before the market opened on Tuesday . The stock had previously closed at $82.62, but opened at $82.73. GW Pharmaceuticals PLC- shares last traded at $84.66, with a volume of 185,364 shares traded.
GWPH has been the topic of several research reports. Piper Jaffray Cos. restated a “buy” rating and set a $147.00 price target on shares of GW Pharmaceuticals PLC- in a research note on Sunday, June 26th. Cowen and Company restated a “buy” rating and set a $135.00 price target on shares of GW Pharmaceuticals PLC- in a research note on Monday, June 27th. Vetr upgraded GW Pharmaceuticals PLC- from a “sell” rating to a “hold” rating and set a $91.16 price target on the stock in a research note on Wednesday, July 13th. Zacks Investment Research upgraded GW Pharmaceuticals PLC- from a “hold” rating to a “strong-buy” rating and set a $108.00 price target on the stock in a research note on Tuesday, July 5th. Finally, Morgan Stanley raised their price target on GW Pharmaceuticals PLC- from $149.00 to $152.00 and gave the company an “overweight” rating in a research note on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. GW Pharmaceuticals PLC- has a consensus rating of “Buy” and an average price target of $126.01.

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The stock’s 50-day moving average is $88.26 and its 200-day moving average is $80.50. The company’s market cap is $1.84 billion.
GW Pharmaceuticals PLC- (NASDAQ:GWPH) last issued its earnings results on Tuesday, August 9th. The biopharmaceutical company reported ($0.06) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.21) by $1.15. The company earned $3.10 million during the quarter, compared to analysts’ expectations of $3.63 million. During the same quarter in the previous year, the company earned ($0.09) earnings per share. The firm’s quarterly revenue was down 73.3% compared to the same quarter last year. Equities research analysts expect that GW Pharmaceuticals PLC- will post ($4.52) EPS for the current fiscal year.
GW Pharmaceuticals plc is involved in the development of cannabinoid prescription medicines using botanical extracts derived from the Cannabis Sativa plant. The Company develops a portfolio of cannabinoid medicines, including Epidiolex, which is an oral medicine for the treatment of refractory childhood epilepsies.

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