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Stock analysts at Oriel Securities Ltd raised their price target on shares of Vernalis plc (LON:VER) from GBX 56 ($0.96) to GBX 60 ($1.03) in a report issued on Monday. The firm currently has a “buy” rating on the stock. Oriel Securities Ltd’s price target would indicate a potential upside of 87.50% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at N+1 Singer reiterated a “buy” rating on shares of Vernalis plc in a research note on Monday, June 30th. They now have a GBX 42 ($0.72) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Vernalis plc in a research note on Monday, June 30th. They now have a GBX 52 ($0.89) price target on the stock. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of GBX 49 ($0.84).

Vernalis plc (LON:VER) opened at 31.75 on Monday. Vernalis plc has a 52 week low of GBX 18.75 and a 52 week high of GBX 38.00. The stock’s 50-day moving average is GBX 31.87 and its 200-day moving average is GBX 34.54.

Vernalis plc is a research and development-stage pharmaceutical company. Vernalis has one marketed product and a portfolio of development and drug discovery programmes.

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