Jefferies Group Brokers Increase Earnings Estimates for ABLYNX (ABLYF)

ABLYNX (OTCMKTS:ABLYF) – Equities researchers at Jefferies Group increased their FY2017 EPS estimates for ABLYNX in a research report issued to clients and investors on Wednesday. Jefferies Group analyst P. Welford now anticipates that the company will post earnings per share of ($1.20) for the year, up from their prior estimate of ($1.29). Jefferies Group also issued estimates for ABLYNX’s FY2018 earnings at ($1.58) EPS, FY2019 earnings at ($0.71) EPS and FY2020 earnings at $0.12 EPS.

ABLYF has been the topic of several other reports. Zacks Investment Research raised shares of ABLYNX from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Monday, January 8th. Bank of America started coverage on shares of ABLYNX in a research note on Friday, November 10th. They set a “buy” rating and a $26.00 price target on the stock.

Shares of ABLYNX (OTCMKTS:ABLYF) opened at $43.00 on Friday. ABLYNX has a 1 year low of $11.10 and a 1 year high of $50.00.

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About ABLYNX

Ablynx NV, a biopharmaceutical company, develops Nanobodies that is a proprietary therapeutic protein based on single-domain antibody fragments for the treatment of various diseases. The company develops products in various therapeutic areas, such as inflammation, hematology, immuno-oncology, oncology, and respiratory diseases.

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