Zacks: Check Cap Ltd (CHEK) Given $4.42 Consensus Price Target by Brokerages
Check Cap Ltd (NASDAQ:CHEK) has earned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus price target of $4.42 for the company and are forecasting that the company will post ($0.14) EPS for the current quarter, according to Zacks. Zacks has also given Check Cap an industry rank of 115 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently weighed in on CHEK shares. HC Wainwright restated a “buy” rating and set a $7.00 price target (up from $6.00) on shares of Check Cap in a report on Thursday, September 28th. Zacks Investment Research upgraded Check Cap from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a report on Tuesday, October 3rd. Maxim Group restated a “buy” rating and set a $5.00 price target on shares of Check Cap in a report on Wednesday, September 27th. Finally, ValuEngine upgraded Check Cap from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th.
Check Cap (NASDAQ:CHEK) opened at $0.88 on Friday. Check Cap has a twelve month low of $0.80 and a twelve month high of $2.64.
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About Check Cap
Check-Cap Ltd. (Check-Cap) is a clinical-stage medical diagnostics company. The Company is engaged in the development of an ingestible imaging capsule that utilizes low-dose X-rays for the detection and imaging of colonic polyps and colorectal cancers, or CRC. The Company’s system consists of main components, such as ingestible scanning capsule; Capsule Positioning System (CPS), a recorder worn on the patient’s back, and a personal computer (PC)-based work station for data reconstruction and image processing.
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