Chugai Pharmaceutical (OTCMKTS:CHGCY) Rating Increased to Strong-Buy at UBS Group

Chugai Pharmaceutical (OTCMKTS:CHGCYGet Free Report) was upgraded by investment analysts at UBS Group to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Chugai Pharmaceutical Trading Down 2.1%

Shares of OTCMKTS:CHGCY opened at $27.52 on Tuesday. Chugai Pharmaceutical has a 12-month low of $19.50 and a 12-month high of $31.26. The stock has a market capitalization of $90.57 billion, a price-to-earnings ratio of 34.40 and a beta of 0.63. The stock has a fifty day simple moving average of $26.72 and a two-hundred day simple moving average of $24.39.

Chugai Pharmaceutical Company Profile

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Chugai Pharmaceutical Co, Ltd. is a Japan-based biopharmaceutical company headquartered in Tokyo that focuses on the discovery, development, manufacture and marketing of prescription medicines. The company develops both biologics and small-molecule therapies, with particular emphasis on oncology and immunology as well as treatments for bone and metabolic disorders. Chugai’s activities span the full drug lifecycle from early research and clinical development through regulatory approval, manufacturing and post-marketing support.

Chugai is known for its research-driven approach and its work on monoclonal antibodies and other biologic therapeutics.

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