Ergomed PLC (ERGO) Receives Buy Rating from Numis Securities Ltd
Ergomed PLC (LON:ERGO)‘s stock had its “buy” rating reaffirmed by analysts at Numis Securities Ltd in a research note issued on Tuesday. They presently have a GBX 275 ($3.71) price objective on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 54.49% from the stock’s current price.
Shares of Ergomed PLC (LON ERGO) traded up 4.71% on Tuesday, reaching GBX 178.00. 17,850 shares of the company were exchanged. The stock’s 50-day moving average is GBX 181.87 and its 200 day moving average is GBX 194.27. Ergomed PLC has a 12-month low of GBX 118.00 and a 12-month high of GBX 216.88. The firm’s market capitalization is GBX 72.27 million.
Ergomed PLC (LON:ERGO) last issued its earnings results on Monday, September 18th. The company reported GBX 1.20 ($0.02) earnings per share (EPS) for the quarter. The business had revenue of GBX 2,291 million during the quarter. Ergomed PLC had a negative return on equity of 0.92% and a negative net margin of 0.72%. On average, analysts forecast that Ergomed PLC will post $7.80 EPS for the current year.
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About Ergomed PLC
Ergomed plc is a provider of drug development services to the pharmaceutical industry. The Company operates through two segments: clinical research services (CRS), and drug safety and medical information services (DS&MI). It provides a range of clinical trial planning, management and monitoring services.
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