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Investment analysts at N+1 Singer started coverage on shares of Vernalis plc (LON:VER) in a note issued to investors on Wednesday, Analyst Ratings Network.com reports. The firm set a “buy” rating and a GBX 43 ($0.71) price target on the stock. N+1 Singer’s price target points to a potential upside of 26.47% from the company’s current price.

Shares of Vernalis plc (LON:VER) traded down 2.88% during mid-day trading on Wednesday, hitting GBX 33.75. 33,138 shares of the company’s stock traded hands. Vernalis plc has a 1-year low of GBX 18.75 and a 1-year high of GBX 38.00. The stock’s 50-day moving average is GBX 36.14 and its 200-day moving average is GBX 29.52.

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