ProMetic Life Sciences Inc. Expected to Earn FY2017 Earnings of ($0.14) Per Share (PLI)
ProMetic Life Sciences Inc. (TSE:PLI) – Stock analysts at National Bank Financial reduced their FY2017 earnings per share (EPS) estimates for shares of ProMetic Life Sciences in a research report issued on Tuesday. National Bank Financial analyst E. Leno now forecasts that the company will post earnings of ($0.14) per share for the year, down from their previous forecast of ($0.12). National Bank Financial also issued estimates for ProMetic Life Sciences’ FY2018 earnings at ($0.09) EPS.
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PLI has been the topic of several other reports. Canaccord Genuity dropped their price target on ProMetic Life Sciences from C$4.75 to C$4.50 and set a “buy” rating on the stock in a research report on Monday, June 19th. Royal Bank Of Canada reissued an “outperform” rating on shares of ProMetic Life Sciences in a report on Wednesday, May 24th. Scotiabank dropped their target price on ProMetic Life Sciences from C$4.75 to C$4.00 and set an “outperform” rating on the stock in a report on Friday, July 7th. Finally, TD Securities dropped their target price on ProMetic Life Sciences from C$4.50 to C$3.50 and set a “speculative buy” rating on the stock in a report on Wednesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$4.07.
ProMetic Life Sciences (TSE PLI) opened at 1.17 on Friday. The company has a 50 day moving average price of $1.55 and a 200-day moving average price of $2.00. ProMetic Life Sciences has a one year low of $1.13 and a one year high of $3.24. The company’s market capitalization is $826.07 million.
In other ProMetic Life Sciences news, Director Louise Ménard sold 82,202 shares of the business’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of C$1.60, for a total value of C$131,523.20. Insiders acquired 35,624 shares of company stock worth $56,505 over the last three months.
About ProMetic Life Sciences
ProMetic Life Sciences Inc, a biopharmaceutical company, develops bioseparations, plasma-derived therapeutics, and small-molecule therapeutic products. The company offers its technology platform for large-scale drug purification, drug development, proteomics, and the elimination of pathogens; and develops small molecule therapeutic products targeting unmet medical needs in the fields of fibrosis, autoimmune disease/inflammation, and cancer.
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