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NewLink Genetics Corp. (NASDAQ:NLNK)’s share price hit a new 52-week high during mid-day trading on Monday , StockRatingsNetwork reports. The stock traded as high as $42.14 and last traded at $41.95, with a volume of 537,490 shares traded. The stock had previously closed at $38.68.

NLNK has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of NewLink Genetics Corp. from $31.00 to $53.00 in a research note to investors on Wednesday, January 22nd. They now have a “buy” rating on the stock. They noted that the move was a valuation call. Five research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $31.20.

The stock has a 50-day moving average of $29.10 and a 200-day moving average of $21.05. The company’s market cap is $1.077 billion.

NewLink Genetics Corporation operates as a biopharmaceutical company. The Company, based in the United States, is focused on discovering, developing, and commercializing immunotherapeutic products to improve cancer treatment options for patients and physicians.

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