Ra Pharmaceuticals (RARX) Given New $0.00 Price Target at BMO Capital Markets
Ra Pharmaceuticals (NASDAQ:RARX) had its price objective lifted by stock analysts at BMO Capital Markets in a research note issued on Tuesday.
RARX has been the topic of several other reports. Zacks Investment Research upgraded shares of Ra Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Jefferies Group reiterated a “buy” rating and set a $25.00 price objective on shares of Ra Pharmaceuticals in a research report on Thursday, September 28th. Royal Bank Of Canada initiated coverage on shares of Ra Pharmaceuticals in a research report on Thursday, September 14th. They set an “outperform” rating and a $21.00 price objective on the stock. Finally, Credit Suisse Group lifted their price objective on shares of Ra Pharmaceuticals from $19.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Ra Pharmaceuticals has a consensus rating of “Buy” and an average price target of $23.80.
Ra Pharmaceuticals (NASDAQ RARX) opened at $8.92 on Tuesday. Ra Pharmaceuticals has a 52-week low of $8.45 and a 52-week high of $27.84.
Several large investors have recently modified their holdings of the business. VHCP Management II LLC boosted its stake in shares of Ra Pharmaceuticals by 6.2% during the 2nd quarter. VHCP Management II LLC now owns 769,771 shares of the company’s stock valued at $14,426,000 after buying an additional 44,742 shares during the period. Tekla Capital Management LLC acquired a new stake in shares of Ra Pharmaceuticals during the 2nd quarter valued at $7,418,000. Vanguard Group Inc. boosted its stake in shares of Ra Pharmaceuticals by 28.3% during the 2nd quarter. Vanguard Group Inc. now owns 346,602 shares of the company’s stock valued at $6,496,000 after buying an additional 76,349 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Ra Pharmaceuticals during the 3rd quarter valued at $4,664,000. Finally, Sectoral Asset Management Inc boosted its stake in shares of Ra Pharmaceuticals by 55.6% during the 3rd quarter. Sectoral Asset Management Inc now owns 278,082 shares of the company’s stock valued at $4,060,000 after buying an additional 99,332 shares during the period. 69.64% of the stock is owned by institutional investors.
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About Ra Pharmaceuticals
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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