ProMetic Life Sciences’ (PLI) Outperform Rating Reiterated at Royal Bank Of Canada
ProMetic Life Sciences Inc. (TSE:PLI)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank Of Canada in a report issued on Thursday, StockTargetPrices.com reports.
Several other equities analysts have also recently issued reports on the stock. Scotiabank restated an “outperform” rating and issued a C$5.00 price target on shares of ProMetic Life Sciences in a research report on Tuesday, August 16th. TD Securities restated a “speculative buy” rating and issued a C$4.50 price target on shares of ProMetic Life Sciences in a research report on Wednesday, September 28th. Finally, CIBC decreased their price target on shares of ProMetic Life Sciences from C$5.00 to C$4.85 in a research report on Thursday, August 25th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$4.84.
Shares of ProMetic Life Sciences (TSE:PLI) traded down 2.52% during midday trading on Thursday, hitting $3.09. 1,302,903 shares of the company were exchanged. The firm’s market capitalization is $1.87 billion. ProMetic Life Sciences has a one year low of $1.67 and a one year high of $3.62. The firm’s 50 day moving average price is $2.92 and its 200 day moving average price is $3.01.
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About ProMetic Life Sciences
ProMetic Life Sciences Inc (ProMetic) is a Canada-based biopharmaceutical company. The Company has two segments: Small Molecule Therapeutics and Protein Technology. The Company offers its technology platform for large-scale drug purification of biologics, drug development, proteomics and the elimination of pathogens to various industries, and uses its own affinity technology that provides for extraction and purification of therapeutic proteins from human plasma in order to develop therapeutics and orphan drugs.
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