Wedbush Increases Gentium SpA Price Target to $55.00 (GENT)
Analysts at Wedbush upped their price objective on shares of Gentium SpA (NASDAQ:GENT) from $35.00 to $55.00 in a research report issued to clients and investors on Friday, AR Network reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price target would indicate a potential upside of 22.77% from the stock’s previous close.
Gentium SpA (NASDAQ:GENT) opened at 44.80 on Friday. Gentium SpA has a 52 week low of $6.96 and a 52 week high of $45.63. The stock has a 50-day moving average of $28.82 and a 200-day moving average of $15.82. The company has a market cap of $679.8 million and a price-to-earnings ratio of 144.59.
Gentium SpA (NASDAQ:GENT) last announced its earnings results on Thursday, October 31st. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.02. On average, analysts predict that Gentium SpA will post $0.45 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Brean Capital reiterated a “buy” rating on shares of Gentium SpA in a research note to investors on Tuesday, October 22nd. Separately, analysts at Zacks upgraded shares of Gentium SpA from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 16th. They now have a $30.50 price target on the stock. Finally, analysts at Zacks reiterated a “hold” rating on shares of Gentium SpA in a research note to investors on Monday, October 7th. They now have a $23.00 price target on the stock.
Gentium S.p.A. is a biopharmaceutical company focused on the development and manufacture of defibrotide, a drug based on single-stranded deoxyribonucleic acid (NASDAQ:GENT) derived from pig intestines.
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