Zacks: Analysts Set $27.33 Target Price for Zealand Pharma A/S (ZEAL)
Zealand Pharma A/S (NASDAQ:ZEAL) has received a consensus broker rating score of 1.83 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company.
Analysts have set a twelve-month consensus target price of $27.33 for the company and are anticipating that the company will post ($0.36) earnings per share for the current quarter, according to Zacks. Zacks has also given Zealand Pharma A/S an industry rank of 105 out of 265 based on the ratings given to its competitors.
Several research firms have recently weighed in on ZEAL. Morgan Stanley began coverage on shares of Zealand Pharma A/S in a research note on Tuesday, September 5th. They set an “overweight” rating and a $28.00 price target for the company. Guggenheim began coverage on shares of Zealand Pharma A/S in a research note on Tuesday, September 5th. They set a “buy” rating and a $28.00 price target for the company. Needham & Company LLC began coverage on shares of Zealand Pharma A/S in a research note on Tuesday, September 5th. They set a “buy” rating and a $26.00 price target for the company. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of Zealand Pharma A/S in a research note on Wednesday, September 27th. They set a “buy” rating for the company.
Zealand Pharma A/S (ZEAL) traded up 0.11% on Wednesday, hitting $19.03. The company’s stock had a trading volume of 10,857 shares. Zealand Pharma A/S has a 12 month low of $16.07 and a 12 month high of $20.37. The firm’s market cap is $585.15 million. The firm has a 50 day moving average of $18.98 and a 200 day moving average of $18.65.
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Zealand Pharma A/S Company Profile
Zealand Pharma A/S, a biotech company, engages in the discovery, design, and development of novel peptide-based medicines in Denmark. The company markets Lixisenatide, a once-daily prandial GLP-1 peptide receptor agonist for the treatment of type 2 diabetes under the Adlyxin and Lyxumia names; and Soliqua 100/33/Suliqua, a combination of lixisenatide and insulin glargine, and a GLP-1 receptor agonist for the treatment of type 2 diabetes.
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