Analyst Rating Update on Celgene Corporation (CELG)

Celgene Corporation (CELG) : The consensus on Celgene Corporation (CELG) based on 17 analyst recommendation on the company stock is 1.35, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 14 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Celgene Corporation (CELG) : 15 investment research analysts covering Celgene Corporation (CELG) have an average price target of $142.47 for the near short term. The highest target price given by the Brokerage Firm to the stock is $162 and the lowest target is $120 for the short term. Analysts expect the variance to be within $12.1 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, Stifel Nicolaus initiates coverage on Celgene Corporation (NASDAQ:CELG).The analysts at the brokerage house have a current rating of Buy on the shares. The rating by the firm was issued on July 15, 2016.


Celgene Corporation (NASDAQ:CELG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $114.16 and $113.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $117.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $116.14, notching a gain of 1.62% for the day. The total traded volume was 6,367,517 . The stock had closed at $114.29 on the previous day.

Celgene Corporation (Celgene), together with its subsidiaries, is an integrated biopharmaceutical company engaged primarily in the discovery, development and commercialization of therapies for the treatment of cancer and inflammatory diseases through gene and protein regulation. The Companys primary commercial stage products include REVLIMID (lenalidomide), ABRAXANE, POMALYST/IMNOVID, VIDAZA, azacitidine for injection (generic version of VIDAZA), THALOMID (sold as THALOMID or Thalidomide Celgene outside the United States), OTEZLA (apremilast) and ISTODAX (romidepsin). Celgene is involved in research in a range of scientific areas designed to deliver therapies, targeting areas, including intracellular signaling pathways, protein homeostasis and epigenetics in cancer and immune cells, immunomodulation in cancer and autoimmune diseases, and therapeutic application of cell therapies.

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