Trade Report: The Abcam Plc (ABC) Stock Rating Reaffirm by Panmure Gordon

The Abcam Plc (ABC) Stock Rating Reaffirm by Panmure Gordon

Abcam Plc (LON:ABC)‘s stock had its “sell” rating reissued by equities research analysts at Panmure Gordon in a research report issued on Wednesday. They presently have a GBX 640 ($8.00) target price on the stock. Panmure Gordon’s price target would suggest a potential downside of 23.22% from the stock’s previous close.

Several other analysts have also recently weighed in on ABC. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 581 ($7.26) price objective on shares of Abcam Plc in a research report on Friday, July 15th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Abcam Plc in a research report on Monday, July 25th. Finally, Numis Securities Ltd reaffirmed an “add” rating and set a GBX 850 ($10.62) price objective on shares of Abcam Plc in a research report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 687.60 ($8.59).

Shares of Abcam Plc (LON:ABC) traded up 0.79% during trading on Wednesday, reaching GBX 832.00. The company’s stock had a trading volume of 402,239 shares. Abcam Plc has a 12-month low of GBX 563.50 and a 12-month high of GBX 905.50. The stock’s 50-day moving average is GBX 863.54 and its 200-day moving average is GBX 759.86. The stock’s market cap is GBX 1.68 billion.

The business also recently declared a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 10th will be given a GBX 6.56 ($0.08) dividend. This is a boost from Abcam Plc’s previous dividend of $2.35. This represents a dividend yield of 0.83%. The ex-dividend date is Thursday, November 10th.

In related news, insider Milner,Jonathan Simon sold 20,361 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of GBX 820 ($10.24), for a total value of £166,960.20 ($208,595.95). Also, insider Louise Patten acquired 12,378 shares of the stock in a transaction that occurred on Friday, September 30th. The stock was acquired at an average cost of GBX 836 ($10.44) per share, for a total transaction of £103,480.08 ($129,285.46).

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