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Stock analysts at Nplus1 Brewin started coverage on shares of Vernalis plc (LON:VER) in a report issued on Wednesday, Stock Ratings Network reports. The firm set a “buy” rating and a GBX 43 ($0.71) price target on the stock. Nplus1 Brewin’s price objective would indicate a potential upside of 22.86% from the company’s current price.

Separately, analysts at N+1 Singer initiated coverage on shares of Vernalis plc in a research note to investors on Wednesday. They set a “buy” rating and a GBX 43 ($0.71) price target on the stock.

Vernalis plc (LON:VER) traded down 2.88% on Wednesday, hitting GBX 33.75. 33,138 shares of the company’s stock traded hands. Vernalis plc has a 52-week low of GBX 18.75 and a 52-week high of GBX 38.00. The stock has a 50-day moving average of GBX 36.14 and a 200-day moving average of GBX 29.52.

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