Abcam Plc (ABC) Given Average Rating of “Hold” by Brokerages
Shares of Abcam Plc (LON:ABC) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 944 ($12.25).
Several research analysts have issued reports on ABC shares. Panmure Gordon reaffirmed a “sell” rating and set a GBX 680 ($8.83) price objective on shares of Abcam Plc in a report on Thursday, April 20th. Stifel Nicolaus reiterated a “hold” rating and set a GBX 890 ($11.55) target price on shares of Abcam Plc in a research report on Tuesday, May 2nd. Berenberg Bank began coverage on shares of Abcam Plc in a research report on Tuesday, June 27th. They set a “buy” rating and a GBX 1,100 ($14.28) target price for the company. Numis Securities Ltd reiterated an “add” rating and set a GBX 1,116 ($14.49) target price on shares of Abcam Plc in a research report on Thursday, July 27th. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 750 ($9.74) target price on shares of Abcam Plc in a research report on Friday.
Abcam Plc (LON:ABC) opened at 1075.00 on Friday. Abcam Plc has a 12 month low of GBX 714.00 and a 12 month high of GBX 1,090.00. The stock’s 50 day moving average price is GBX 1,002.64 and its 200 day moving average price is GBX 923.89. The firm’s market capitalization is GBX 2.17 billion.
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In other news, insider Mara G. Aspinall bought 2,700 shares of the stock in a transaction on Monday, June 5th. The stock was purchased at an average price of GBX 979 ($12.71) per share, for a total transaction of £26,433 ($34,315.20).
About Abcam Plc
Abcam plc is a global life sciences company. As a developer of reagents and tools, the Company’s purpose is to serve life science researchers globally. Providing the research and clinical communities with tools and scientific support, the Company offers validated biological binders and assays to address important targets in critical biological pathways.
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