GENMAB AS DKK1 (GNMSF) Lifted to “Buy” at Zacks Investment Research
GENMAB AS DKK1 (OTCMKTS:GNMSF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage currently has a $177.00 price target on the stock. Zacks Investment Research’s target price indicates a potential upside of 11.85% from the company’s current price.
According to Zacks, “Genmab A/S is a biotechnology company that creates and develops human antibodies for the treatment of life-threatening and debilitating diseases. Genmab has numerous products in development to treat cancer, infectious disease, rheumatoid arthritis and other inflammatory conditions, and intends to continue assembling a broad portfolio of new therapeutic products. In addition, Genmab has developed UniBody, a new proprietary technology that creates a stable, smaller antibody format. Genmab has operations in Europe and the US. “
Separately, JPMorgan Chase & Co. started coverage on GENMAB AS DKK1 in a report on Tuesday, June 21st. They issued a “neutral” rating on the stock.
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Shares of GENMAB AS DKK1 (OTCMKTS:GNMSF) remained flat at $158.25 during trading on Tuesday. GENMAB AS DKK1 has a 12 month low of $93.25 and a 12 month high of $183.00. The stock’s 50 day moving average is $172.39 and its 200 day moving average is $158.34. The stock has a market cap of $9.47 billion, a PE ratio of 94.14 and a beta of 0.89.
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