Oppenheimer Analysts Give Spero Therapeutics (SPRO) a $30.00 Price Target

Spero Therapeutics (NASDAQ:SPRO) has been assigned a $30.00 price target by research analysts at Oppenheimer in a report issued on Monday. The firm currently has a “buy” rating on the stock. Oppenheimer’s target price suggests a potential upside of 178.04% from the stock’s previous close.

SPRO has been the topic of a number of other reports. Stifel Nicolaus began coverage on Spero Therapeutics in a research note on Monday, November 27th. They issued a “buy” rating and a $26.00 price target on the stock. Cowen began coverage on Spero Therapeutics in a research note on Monday, November 27th. They issued an “outperform” rating on the stock. Finally, Bank of America began coverage on Spero Therapeutics in a research note on Monday, November 27th. They issued a “neutral” rating on the stock.

Shares of Spero Therapeutics (SPRO) traded up $0.29 during trading hours on Monday, hitting $10.79. The stock had a trading volume of 102,532 shares, compared to its average volume of 80,596. Spero Therapeutics has a 12-month low of $9.84 and a 12-month high of $15.40.

In other news, major shareholder Plc Glaxosmithkline purchased 428,571 shares of the stock in a transaction dated Monday, November 6th. The shares were purchased at an average cost of $14.00 per share, with a total value of $5,999,994.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Casper Breum purchased 214,285 shares of the stock in a transaction dated Monday, November 6th. The stock was purchased at an average cost of $14.00 per share, for a total transaction of $2,999,990.00. The disclosure for this purchase can be found here. Insiders bought 649,356 shares of company stock worth $9,090,984 over the last ninety days.

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Spero Therapeutics Company Profile

SmartPros Ltd. is engaged in provision of learning and educational solutions in content areas that target specific markets, including accounting/finance, legal, engineering, securities and insurance. The Company also provides education in banking, finance, taxation, information technology, health and safety, human resources and compliance for the general corporate market.

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