Wilsons analyst Melissa Benson upgraded Mayne Pharma Group (MAYNF – Research Report) to a Buy on May 11 and set a price target of A$4.43. The company’s shares closed last Tuesday at $2.72.
Benson covers the Healthcare sector, focusing on stocks such as Neuren Pharmaceuticals Limited, Mayne Pharma Group, and Clinuvel Pharmaceuticals Limited. According to TipRanks, Benson has an average return of -7.5% and a 36.67% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mayne Pharma Group with a $2.76 average price target.
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The company has a one-year high of $5.87 and a one-year low of $2.00. Currently, Mayne Pharma Group has an average volume of 2,297.
Based on the recent corporate insider activity of 6 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 MAYNF in relation to earlier this year.
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Mayne Pharma Group Ltd. engages in the development and manufacture of proprietary and generic products. It operates through the following segments: Generic Products, Specialty Brands, Metrics Contract Services, and Mayne Pharma International. The Generic Products segment involves in the manufacture and distribution of generic and branded pharmaceutical products. The Metrics Contract Services segment provides contract pharmaceutical services. The Specialty brands segments includes the distribution of branded pharmaceutical products. The Mayne Pharma International segment offers manufacturing and selling of branded and generic pharmaceutical products and provides contract manufacturing services to third party customers within Australia. The company was founded in 1845 and is headquartered in Salisbury, Australia.
