Spring Bank Pharmaceuticals Inc (SBPH) Given Consensus Rating of “Buy” by Brokerages

Shares of Spring Bank Pharmaceuticals Inc (NASDAQ:SBPH) have earned an average rating of “Buy” from the six brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $26.33.

A number of brokerages have commented on SBPH. ValuEngine lowered Spring Bank Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Cantor Fitzgerald set a $29.00 price target on Spring Bank Pharmaceuticals and gave the stock a “buy” rating in a research report on Thursday, November 16th. Chardan Capital restated a “buy” rating on shares of Spring Bank Pharmaceuticals in a research report on Monday, November 6th. Finally, B. Riley began coverage on Spring Bank Pharmaceuticals in a research report on Monday, November 6th. They issued a “buy” rating and a $30.00 price target on the stock.

Shares of Spring Bank Pharmaceuticals (NASDAQ:SBPH) opened at $12.09 on Wednesday. Spring Bank Pharmaceuticals has a twelve month low of $7.69 and a twelve month high of $18.93. The firm has a market capitalization of $153.99, a price-to-earnings ratio of -4.40 and a beta of 0.75.

Large investors have recently bought and sold shares of the company. Wells Fargo & Company MN acquired a new stake in Spring Bank Pharmaceuticals during the 4th quarter worth $101,000. Virtu Financial LLC acquired a new stake in Spring Bank Pharmaceuticals during the 4th quarter worth $172,000. Candriam Luxembourg S.C.A. acquired a new stake in Spring Bank Pharmaceuticals during the 4th quarter worth $269,000. BlackRock Inc. raised its stake in Spring Bank Pharmaceuticals by 14.8% during the 4th quarter. BlackRock Inc. now owns 32,961 shares of the company’s stock worth $443,000 after buying an additional 4,259 shares during the period. Finally, Vanguard Group Inc. acquired a new stake in Spring Bank Pharmaceuticals during the 2nd quarter worth $794,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

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About Spring Bank Pharmaceuticals

Spring Bank Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the discovery and development of a class of therapeutics using its small molecule nucleic acid hybrid (SMNH) chemistry platform. The Company is developing its SMNH product, SB 9200, for the treatment of viral diseases.

Analyst Recommendations for Spring Bank Pharmaceuticals (NASDAQ:SBPH)

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