Zacks Investment Research Lowers Prima BioMed Ltd. (PBMD) to Sell
According to Zacks, “Prima Biomed Ltd is a biotechnology company focused on developing oncology therapies in the field of immunotherapy. The Company’s key product candidates in development include CVac, an autologous dendritic cell vaccine for ovarian cancer, monoclonal antibodies for multiple tumor types, and an oral formulation for the Human Papilloma Virus. Prima Biomed Ltd is based in Sydney, Australia. “
Several other research analysts have also recently weighed in on PBMD. Maxim Group reissued a buy rating on shares of Prima BioMed in a report on Wednesday, June 8th. FBR & Co reaffirmed an outperform rating and set a $6.00 target price on shares of Prima BioMed in a report on Wednesday, June 15th. HC Wainwright reaffirmed a buy rating on shares of Prima BioMed in a report on Wednesday, June 22nd. Finally, Roth Capital reaffirmed a buy rating and set a $6.00 target price on shares of Prima BioMed in a report on Friday, August 26th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $4.20.
Shares of Prima BioMed (NASDAQ:PBMD) opened at 0.8889 on Tuesday. The stock’s 50 day moving average is $0.87 and its 200 day moving average is $0.95. Prima BioMed has a 52-week low of $0.72 and a 52-week high of $1.54. The stock’s market cap is $61.09 million.
About Prima BioMed
Prima BioMed Limited is an Australia-based biotechnology company. The Company is engaged in research, development and commercialization of licensed medical biotechnology. The Company focuses on cancer immunotherapy research. The Company’s main pipeline of products is based on the LAG-3 immune control mechanism, which plays a role in the regulation of the T cell immune response.
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