Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL – Get Free Report) has earned an average recommendation of “Moderate Buy” from the four analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $33.38.
A number of equities analysts have issued reports on RIGL shares. HC Wainwright reaffirmed a “buy” rating and set a $57.00 price objective on shares of Rigel Pharmaceuticals in a report on Friday, October 25th. StockNews.com raised shares of Rigel Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a report on Friday, October 18th. Cantor Fitzgerald reissued a “neutral” rating and issued a $15.00 price target on shares of Rigel Pharmaceuticals in a report on Friday, September 20th. Citigroup boosted their price target on shares of Rigel Pharmaceuticals from $40.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Piper Sandler boosted their price target on shares of Rigel Pharmaceuticals from $15.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday.
View Our Latest Stock Report on Rigel Pharmaceuticals
Institutional Investors Weigh In On Rigel Pharmaceuticals
Rigel Pharmaceuticals Stock Performance
RIGL traded up $1.15 during mid-day trading on Thursday, reaching $28.56. 56,074 shares of the stock were exchanged, compared to its average volume of 160,228. The stock has a market capitalization of $503.08 million, a PE ratio of 204.00 and a beta of 0.96. The company has a 50 day moving average price of $15.57 and a two-hundred day moving average price of $12.13. Rigel Pharmaceuticals has a 1 year low of $7.48 and a 1 year high of $29.82.
About Rigel Pharmaceuticals
Rigel Pharmaceuticals, Inc, a biotechnology company, engages in discovering, developing, and providing therapies that enhance the lives of patients with hematologic disorders and cancer. The company’s commercialized products include Tavalisse, an oral spleen tyrosine kinase inhibitor for the treatment of adult patients with chronic immune thrombocytopenia; Rezlidhia, a non-intensive monotherapy for the treatment of adult patients with relapsed or refractory (R/R) acute myeloid leukemia (AML) with a susceptible isocitrate dehydrogenase-1 (IDH1) mutation as detected by an FDA-approved test; and GAVRETO, a once daily, small molecule, oral, kinase inhibitor for the treatment of adult patients with metastatic rearranged during transfection (RET) fusion-positive non-small cell lung cancer, as well as for the treatment of adult and pediatric patients 12 years of age and older with advanced or metastatic RET fusion-positive thyroid cancer.
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