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Prices & Quotes - UK Markets - Indivior (INDV)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 134.00p
Change Today:
0.80p
Market Cap:
984.39m
Sector:
Pharmaceuticals & Biotechnology

Operational strength to drive story at Indivior, Citi says

By Michele Maatouk

Date: Tuesday 26 Jan 2021

LONDON (ShareCast) - (Sharecast News) - The removal of the Reckitt Benckiser overhang should allow operational strength to drive the story at opioid addiction treatment maker Indivior, Citi said on Tuesday.
Indivior shares were sharply higher after Reckitt Benckiser said late on Monday that it will withdraw a $1.4bn claim against the company. Indivior has agreed to pay the consumer goods giant $50m to end the legal battle related to a US probe into opioid addition.

Citi said that after a long period of litigation dominating the debate, firstly with Department of Justice indictment and more recently with a claim from Reckitt, the stock should now benefit from "the demonstrated progress in the last year".

The bank said the rollout of Sublocade is regaining momentum after a Covid-related stall, while Suboxone film continues its "resilient" performance against branded and generic competitors.

In addition, Perseris has similarly staged a recovery from Covid-related rollout issues, Citi said.

It also expects the recent UK Supreme Court ruling on buprenorphine prescribing to provide a further tailwind to market volumes in 2021.

The bank reiterated its 'buy' rating on the shares and lifted the price target to 185p.

"Given the recent operational progress, we expect the shares to recover today to at least the highest level after the DoJ settlement and before the RB claim was announced in November," it said.

At 0950 GMT, Indivior shares were up 12.9% at 144.40p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Indivior Market Data

Currency UK Pounds
Price 134.00p
Change Today 0.80p
52 Week High 149.00p
52 Week Low 45.00p
Volume 704,099
Shares Issued 734.62m
Market Cap 984.39m
Beta 0.00

Performance Indicators

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What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Indivior Dividends

No dividends found

Trades for 16-Apr-2021

Time Volume / Share Price
16:45 217 @ 134.60p
16:45 217 @ 134.60p
16:39 90,000 @ 134.00p
16:35 277,966 @ 134.00p
16:29 4 @ 134.60p

Indivior Key Personnel

CEO Mark Crossley
Chair Graham Hetherington