Independent Research Reiterates €12.50 Price Target for MediGene (MDG1)
MediGene (ETR:MDG1) has been given a €12.50 ($14.88) price target by investment analysts at Independent Research in a research report issued on Wednesday. The brokerage currently has a “neutral” rating on the stock. Independent Research’s price objective suggests a potential upside of 6.47% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. Baader Bank set a €19.00 ($22.62) target price on shares of MediGene and gave the stock a “buy” rating in a research note on Thursday, November 9th. Oddo Securities set a €12.00 ($14.29) price objective on shares of MediGene and gave the company a “buy” rating in a research note on Tuesday, August 8th.
MediGene (MDG1) traded down €0.28 ($0.33) during mid-day trading on Wednesday, reaching €11.74 ($13.98). 154,281 shares of the company were exchanged, compared to its average volume of 226,240. MediGene has a one year low of €8.40 ($10.00) and a one year high of €15.24 ($18.14).
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Medigene AG, a biotechnology company, develops immunotherapy platforms to treat a range of cancers in various stages. It operates through two segments, Immunotherapies and Other Products. The company develops Dendritic cell vaccines in phase I/II clinical trials; and T-cell receptor-modified T cells and T-cell-specific monoclonal antibodies in preclinical development phase.
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