Ergomed PLC’s (ERGO) Buy Rating Reiterated at Numis Securities Ltd
Ergomed PLC (LON:ERGO)‘s stock had its “buy” rating restated by equities researchers at Numis Securities Ltd in a research report issued to clients and investors on Monday. They currently have a GBX 267 ($3.30) target price on the stock. Numis Securities Ltd’s price target points to a potential upside of 120.66% from the stock’s previous close.
Several other research firms have also recently weighed in on ERGO. N+1 Singer reiterated a “buy” rating on shares of Ergomed PLC in a report on Monday, September 26th. Stifel Nicolaus reiterated a “buy” rating and set a GBX 271 ($3.35) price objective on shares of Ergomed PLC in a research note on Thursday, September 22nd.
Ergomed PLC (LON:ERGO) opened at 120.75 on Monday. Ergomed PLC has a 12-month low of GBX 117.00 and a 12-month high of GBX 172.00. The firm’s market cap is GBX 37.57 million. The company has a 50-day moving average price of GBX 120.15 and a 200-day moving average price of GBX 131.80.
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Ergomed PLC Company Profile
Ergomed PLC is a United Kingdom-based provider of drug development services to the pharmaceutical industry. The Company’s therapeutic focus is on onology, neurology and immunology and the development of orphan drugs. Ergomed Plc manages clinical development from Phase I through to late phase programs.
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