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Targacept (NASDAQ:TRGT)’s share price reached a new 52-week low on Thursday , Stock Ratings Network reports. The stock traded as low as $2.68 and last traded at $2.75, with a volume of 272,478 shares changing hands. The stock had previously closed at $2.74.

A number of analysts have recently weighed in on TRGT shares. Analysts at MKM Partners cut their price target on shares of Targacept from $3.50 to $3.00 in a research note on Tuesday, July 29th. They now have a “neutral” rating on the stock.

The stock’s 50-day moving average is $3.71 and its 200-day moving average is $4.23. The company’s market cap is $93.6 million.

Targacept (NASDAQ:TRGT) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.24) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.33) by $0.09. The company had revenue of $0.04 million for the quarter. During the same quarter in the prior year, the company posted ($0.37) earnings per share. Analysts expect that Targacept will post $-1.09 EPS for the current fiscal year.

Targacept, Inc is a biopharmaceutical company. The Company is engaged in the design, discovery and development of NNR Therapeutics for the treatment of diseases and disorders of the nervous system.

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