Asterias Biotherapeutics Inc (NYSE:AST) has received a consensus broker rating score of 1.25 (Strong Buy) from the four analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and three have assigned a strong buy rating to the company. Asterias Biotherapeutics’ rating score has declined by 4.2% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Analysts have set a 12-month consensus target price of $8.88 for the company and are anticipating that the company will post ($0.18) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Asterias Biotherapeutics an industry rank of 114 out of 265 based on the ratings given to related companies.

Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Asterias Biotherapeutics from a “buy” rating to a “hold” rating in a research report on Tuesday. HC Wainwright set a $12.00 price objective on shares of Asterias Biotherapeutics and gave the company a “buy” rating in a research note on Tuesday, July 11th. Finally, Laidlaw initiated coverage on shares of Asterias Biotherapeutics in a research note on Tuesday, April 4th. They issued a “buy” rating and a $12.00 price objective on the stock.

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Asterias Biotherapeutics (NYSE:AST) traded down 2.86% during mid-day trading on Tuesday, reaching $3.40. 83,776 shares of the company’s stock traded hands. The company has a 50-day moving average of $3.34 and a 200-day moving average of $3.68. The company’s market capitalization is $167.49 million. Asterias Biotherapeutics has a 52-week low of $2.54 and a 52-week high of $5.80.

About Asterias Biotherapeutics

Asterias Biotherapeutics, Inc is a biotechnology company. The Company is engaged in developing and commercializing therapies in the fields of cell therapy and regenerative medicine. The Company has over two technology platforms. The first is an immunotherapy platform to teach cancer patients’ immune systems to attack their tumors.

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