N+1 Singer Trims Midatech Pharma PLC (MTPH) Target Price to GBX 96
Midatech Pharma PLC (LON:MTPH) had its target price cut by analysts at N+1 Singer from GBX 140 ($1.84) to GBX 96 ($1.26) in a report released on Friday. The firm currently has a “buy” rating on the stock. N+1 Singer’s target price points to a potential upside of 90.10% from the company’s current price.
Midatech Pharma PLC (LON:MTPH) last released its quarterly earnings results on Thursday, September 28th. The company reported GBX (19) (($0.25)) earnings per share for the quarter. Midatech Pharma PLC had a negative net margin of 262.24% and a negative return on equity of 43.66%. The business had revenue of GBX 302 million for the quarter.
About Midatech Pharma PLC
Midatech Pharma PLC is an early-stage biopharmaceutical company that focuses on commercializing and developing products in oncology and other therapeutic areas. The Company’s segments include Pipeline Research and Development, and Commercial. The Pipeline Research and Development segment seeks to develop products using the nanomedicine and sustained release technology platforms.
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