Vascular Biogenics Ltd. (VBLT) Trading 2.7% Higher
Vascular Biogenics Ltd. (NASDAQ:VBLT) shares traded up 2.7% on Tuesday . The company traded as high as $4.32 and last traded at $4.26, with a volume of 70,959 shares changing hands. The stock had previously closed at $4.15.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Vascular Biogenics from a “sell” rating to a “hold” rating in a report on Thursday, July 14th. Piper Jaffray Cos. restated a “buy” rating and set a $14.00 price target on shares of Vascular Biogenics in a report on Tuesday, June 7th. Chardan Capital restated a “buy” rating on shares of Vascular Biogenics in a report on Tuesday, June 7th. HC Wainwright initiated coverage on shares of Vascular Biogenics in a report on Tuesday, June 28th. They set a “buy” rating and a $11.00 price target on the stock. Finally, Roth Capital reiterated a “buy” rating and issued a $22.00 target price on shares of Vascular Biogenics in a report on Thursday, June 9th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $16.50.
The company has a 50-day moving average of $4.13 and a 200 day moving average of $3.67. The stock’s market cap is $97.77 million.
Vascular Biogenics (NASDAQ:VBLT) last released its quarterly earnings results on Friday, May 13th. The biopharmaceutical company reported ($0.21) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.21). Analysts expect that Vascular Biogenics Ltd. will post ($0.82) earnings per share for the current fiscal year.
Vascular Biogenics Ltd. is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of first-in-class treatments for cancer. The Company’s program is based on its Vascular Targeting System (VTS) platform technology, which utilizes genetically targeted therapy to destroy newly formed, or angiogenic, blood vessels.
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