Shares of Geron Co. (NASDAQ:GERN) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $3.75.
GERN has been the subject of several recent research reports. BidaskClub upgraded shares of Geron from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 11th. Needham & Company LLC reiterated a “hold” rating on shares of Geron in a research note on Friday, November 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $2.50 target price on shares of Geron in a research note on Friday, November 3rd. Finally, Zacks Investment Research downgraded shares of Geron from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd.
Geron (NASDAQ GERN) opened at $2.25 on Friday. The firm has a market cap of $358.27, a PE ratio of -12.50 and a beta of 2.81. Geron has a 12 month low of $1.74 and a 12 month high of $3.15.
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Geron Corporation (Geron) is a biopharmaceutical company, which supports the clinical stage development of a telomerase inhibitor, Imetelstat, in hematologic myeloid malignancies by Janssen Biotech, Inc (Janssen). The Company is engaged in the development of therapeutic products for oncology. Using its nucleic acid chemistry, Geron designed Imetelstat to be an oligonucleotide that binds with high affinity to the ribonucleic acid (RNA) template of telomerase, thereby directly inhibiting telomerase activity.
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