Trevena Coverage Initiated at JMP Securities (TRVN)
Stock analysts at JMP Securities began coverage on shares of Trevena (NASDAQ:TRVN) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $18.00 price target on the stock. JMP Securities’ target price would indicate a potential upside of 131.66% from the stock’s previous close.
Shares of Trevena (NASDAQ:TRVN) traded up 2.57% during mid-day trading on Wednesday, hitting $7.97. The stock had a trading volume of 415,924 shares. Trevena has a 52 week low of $6.00 and a 52 week high of $8.98. The stock has a 50-day moving average of $7.09 and a 200-day moving average of $7.09. The company’s market cap is $205.1 million.
Several other analysts have also recently commented on the stock. Analysts at Barclays initiated coverage on shares of Trevena in a research note on Wednesday. They set an “overweight” rating and a $14.00 price target on the stock. Analysts at Jefferies Group initiated coverage on shares of Trevena in a research note on Wednesday. They set a “buy” rating and a $11.00 price target on the stock.
Trevena, Inc (NASDAQ:TRVN) is a clinical stage biopharmaceutical company.
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