Peel Hunt Boosts Abcam Plc (ABC) Price Target to GBX 1,020

Abcam Plc (LON:ABC) had its price objective increased by equities research analysts at Peel Hunt from GBX 750 ($10.09) to GBX 1,020 ($13.72) in a research report issued on Wednesday, September 20th. The brokerage presently has a “hold” rating on the stock.

ABC has been the topic of several other research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,100 ($14.79) target price on shares of Abcam Plc in a report on Monday, September 11th. Panmure Gordon reaffirmed a “sell” rating on shares of Abcam Plc in a report on Monday, September 11th. Numis Securities Ltd increased their target price on shares of Abcam Plc from GBX 1,116 ($15.01) to GBX 1,200 ($16.14) and gave the company an “add” rating in a report on Tuesday, September 12th. Finally, J P Morgan Chase & Co increased their target price on shares of Abcam Plc from GBX 864 ($11.62) to GBX 946 ($12.72) and gave the company a “neutral” rating in a report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 972.67 ($13.08).

Abcam Plc (ABC) opened at 1020.00 on Wednesday. Abcam Plc has a 52-week low of GBX 759.50 and a 52-week high of GBX 1,113.00. The company’s 50 day moving average price is GBX 1,056.46 and its 200 day moving average price is GBX 959.01. The firm’s market cap is GBX 2.08 billion.

COPYRIGHT VIOLATION WARNING: “Peel Hunt Boosts Abcam Plc (ABC) Price Target to GBX 1,020” was posted by Equities Focus and is owned by of Equities Focus. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.equitiesfocus.com/2017/09/30/peel-hunt-boosts-abcam-plc-abc-price-target-to-gbx-1020.html.

In other Abcam Plc news, insider Louise Patten purchased 1,636 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was bought at an average cost of GBX 1,079 ($14.51) per share, with a total value of £17,652.44 ($23,739.16). Also, insider Jonathan Simon Milner sold 567,033 shares of Abcam Plc stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of GBX 1,017 ($13.68), for a total transaction of £5,766,725.61 ($7,755,144.71).

About Abcam Plc

Abcam plc is a global life sciences company. As a developer of reagents and tools, the Company’s purpose is to serve life science researchers globally. Providing the research and clinical communities with tools and scientific support, the Company offers validated biological binders and assays to address important targets in critical biological pathways.

Analyst Recommendations for Abcam Plc (LON:ABC)

Receive News & Ratings for Abcam Plc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Abcam Plc and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

2 × 4 =