Today: The Abcam Plc (ABC) Given Average Rating of “Hold” by Analysts

The Abcam Plc (ABC) Given Average Rating of “Hold” by Analysts

Abcam Plc (LON:ABC) has been assigned an average rating of “Hold” from the seven brokerages that are covering the firm. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 642 ($7.82).

A number of equities analysts have commented on the stock. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 850 ($10.36) price objective on shares of Abcam Plc in a report on Wednesday, August 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 581 ($7.08) price target on shares of Abcam Plc in a report on Tuesday, July 26th. Stifel Nicolaus reissued a “hold” rating on shares of Abcam Plc in a report on Monday, July 25th. Finally, Panmure Gordon boosted their price target on shares of Abcam Plc from GBX 636 ($7.75) to GBX 640 ($7.80) and gave the company a “sell” rating in a report on Monday, September 26th.

In related news, insider Milner,Jonathan Simon sold 20,361 shares of Abcam Plc stock in a transaction dated Monday, September 19th. The shares were sold at an average price of GBX 820 ($9.99), for a total transaction of £166,960.20 ($203,485.92). Also, insider Ross,Michael acquired 954 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The shares were bought at an average price of GBX 800 ($9.75) per share, for a total transaction of £7,632 ($9,301.65).

Shares of Abcam Plc (LON:ABC) traded down 0.51% during midday trading on Monday, reaching GBX 881.00. 923,281 shares of the company were exchanged. The firm’s 50 day moving average is GBX 814.12 and its 200-day moving average is GBX 709.07. The company’s market capitalization is GBX 1.78 billion. Abcam Plc has a 52-week low of GBX 547.00 and a 52-week high of GBX 896.00.

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