Prothena Co. PLC Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:PRTA)
Prothena Co. PLC (NASDAQ:PRTA) has earned a consensus rating of “Buy” from the nine brokerages that are currently covering the stock, Analyst RN reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $37.44.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Prothena Co. PLC from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 5th. They now have a $20.00 price target on the stock. Analysts at Oppenheimer initiated coverage on shares of Prothena Co. PLC in a research note on Thursday, July 10th. They set an “outperform” rating and a $40.00 price target on the stock.
In other Prothena Co. PLC news, Insider Karin L. Walker sold 2,500 shares of Prothena Co. PLC stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $20.74, for a total value of $51,850.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Prothena Co. PLC (NASDAQ:PRTA) traded down 1.14% on Thursday, hitting $20.86. 71,306 shares of the company’s stock traded hands. Prothena Co. PLC has a one year low of $16.71 and a one year high of $49.24. The stock’s 50-day moving average is $19.86 and its 200-day moving average is $26.51. The company’s market cap is $571.0 million.
Prothena Co. PLC (NASDAQ:PRTA) last announced its earnings results on Monday, August 4th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $15.10 million for the quarter. On average, analysts predict that Prothena Co. PLC will post $-0.71 earnings per share for the current fiscal year.
Prothena Corporation PLC is an Ireland-based, clinical-stage biotechnology company. The Company is engaged in discovering and developing monoclonal antibodies that are directed towards misfolded proteins or improper cell adhesion.
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