Ergomed PLC (LON:ERGO) had its price target lifted by research analysts at Numis Securities Ltd from GBX 280 ($3.72) to GBX 300 ($3.99) in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. Numis Securities Ltd’s price target points to a potential upside of 51.13% from the stock’s current price.

Shares of Ergomed PLC (LON ERGO) opened at 223.49 on Monday. The firm’s market cap is GBX 90.59 million. Ergomed PLC has a 12-month low of GBX 122.00 and a 12-month high of GBX 225.00. The company has a 50-day moving average of GBX 177.60 and a 200 day moving average of GBX 190.98.

Ergomed PLC (LON:ERGO) last posted its quarterly earnings results on Monday, September 18th. The company reported GBX 1.20 ($0.02) earnings per share for the quarter. The company had revenue of GBX 2,291 million for the quarter. Ergomed PLC had a net margin of 2.07% and a return on equity of 2.69%. Equities research analysts anticipate that Ergomed PLC will post $7.80 earnings per share for the current fiscal 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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