Puretech Health (LON:PRTC) had its price objective hoisted by stock analysts at Peel Hunt from GBX 302 ($4.10) to GBX 313 ($4.24) in a research note issued on Friday. The firm presently has a “buy” rating on the stock. Peel Hunt’s price objective would indicate a potential upside of 71.51% from the company’s current price.
Several other research firms have also recently issued reports on PRTC. Jefferies Group restated a “buy” rating on shares of Puretech Health in a research report on Friday, November 17th. N+1 Singer restated a “buy” rating on shares of Puretech Health in a research report on Thursday, November 30th. Liberum Capital restated a “buy” rating and set a GBX 248 ($3.36) price objective on shares of Puretech Health in a research report on Friday. Finally, Numis Securities raised their price objective on shares of Puretech Health from GBX 207 ($2.81) to GBX 233 ($3.16) and gave the stock a “buy” rating in a research report on Thursday, November 30th. Five investment analysts have rated the stock with a buy rating, Puretech Health presently has an average rating of “Buy” and an average target price of GBX 255 ($3.46).
Puretech Health (LON PRTC) traded up GBX 3 ($0.04) during trading on Friday, reaching GBX 182.50 ($2.47). 109,465 shares of the company traded hands, compared to its average volume of 78,873. Puretech Health has a 52-week low of GBX 110 ($1.49) and a 52-week high of GBX 183 ($2.48). The firm has a market capitalization of $442.41 and a PE ratio of -1,013.89.
PureTech Health plc is a cross-disciplinary healthcare company. The Company operates through two segments: growth stage businesses and project phase businesses. Businesses in the growth stage businesses segment are those whose activities focus on developing products to solve healthcare problems in varied markets.
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