Ra Pharmaceuticals (RARX) Given “Buy” Rating at Royal Bank Of Canada
Ra Pharmaceuticals (NASDAQ:RARX)‘s stock had its “buy” rating reiterated by analysts at Royal Bank Of Canada in a report released on Tuesday. They currently have a $18.00 price objective on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 125.85% from the company’s current price.
RARX has been the topic of several other reports. Zacks Investment Research raised Ra Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $34.00 target price (up from $31.00) on shares of Ra Pharmaceuticals in a research report on Monday. Jefferies Group reaffirmed a “buy” rating and issued a $25.00 target price on shares of Ra Pharmaceuticals in a research report on Thursday, September 28th. Finally, Credit Suisse Group increased their target price on Ra Pharmaceuticals from $19.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $23.20.
Shares of Ra Pharmaceuticals (NASDAQ RARX) traded down $0.95 during trading on Tuesday, hitting $7.97. The company’s stock had a trading volume of 1,110,821 shares, compared to its average volume of 131,546. Ra Pharmaceuticals has a one year low of $7.86 and a one year high of $27.84.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Tekla Capital Management LLC acquired a new stake in Ra Pharmaceuticals in the 2nd quarter valued at $7,418,000. Citadel Advisors LLC acquired a new stake in Ra Pharmaceuticals in the 3rd quarter valued at $4,664,000. Numeric Investors LLC acquired a new stake in Ra Pharmaceuticals in the 2nd quarter valued at $2,484,000. Nexthera Capital LP acquired a new stake in Ra Pharmaceuticals in the 2nd quarter valued at $1,912,000. Finally, Sectoral Asset Management Inc increased its holdings in Ra Pharmaceuticals by 55.6% in the 3rd quarter. Sectoral Asset Management Inc now owns 278,082 shares of the company’s stock valued at $4,060,000 after purchasing an additional 99,332 shares in the last quarter. 69.64% of the stock is currently owned by institutional investors and hedge funds.
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Ra Pharmaceuticals Company Profile
Ra Pharmaceuticals, Inc is a United States-based clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutics for diseases of complement dysregulation and a range of orphan indications. It utilizes small molecules and peptide approaches to address pathological targets in the complement cascade.
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