05:26:46 EDT Tue 19 Mar 2024
Enter Symbol
or Name
USA
CA



Knight Therapeutics Inc
Symbol GUD
Shares Issued 142,818,883
Close 2018-04-23 C$ 8.14
Market Cap C$ 1,162,545,708
Recent Sedar Documents

Globe says new coverage rates Knight "outperform"

2018-04-24 07:47 ET - In the News

The Globe and Mail reports in its Tuesday, April 24, edition that RBC analyst Douglas Miehm says Knight Therapeutics ($8.14) presents investors with an attractive risk-reward proposition. The Globe's David Leeder writes in the Eye On Equities column that Mr. Miehm recommends Knight Therapeutics for investors seeking long-term price appreciation. Mr. Miehm began coverage of the Montreal-based pharmaceuticals company with an "outperform" rating. Mr. Miehm set a share target of $9.50. Analysts on average target the shares at $9.43. Mr. Miehm says in a note: "Knight was formed in 2014 as a carve-out of Paladin Labs when it was acquired by Endo International for $3.2-billion. Like Paladin, Knight's focus is on the licensing and acquisition of late-stage pharma products for Canada and select international markets. Knight's CEO Jonathan Goodman led Paladin through a decade of revenue and EBITDA growth (compounded) 30 per cent annually, with shares going from $2.30 to $142.06 following its acquisition. With the same strategy being employed at Knight, we see strong potential for repeated success over the mid- to long-term. ... We believe downside is limited as it is unlikely that shares trade below book value."

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