Abcam Plc (ABC) Given “Hold” Rating at Peel Hunt
Several other brokerages have also recently weighed in on ABC. Berenberg Bank restated a buy rating and set a GBX 1,100 ($14.52) target price on shares of Abcam Plc in a report on Monday, September 11th. Panmure Gordon restated a sell rating on shares of Abcam Plc in a report on Thursday, July 27th. Numis Securities Ltd restated an add rating and set a GBX 1,116 ($14.73) target price on shares of Abcam Plc in a report on Thursday, July 27th. Finally, J P Morgan Chase & Co restated a neutral rating and set a GBX 864 ($11.40) target price on shares of Abcam Plc in a report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Abcam Plc currently has an average rating of Hold and an average target price of GBX 972.67 ($12.84).
Shares of Abcam Plc (LON ABC) opened at 1019.00 on Tuesday. The company’s market capitalization is GBX 2.08 billion. Abcam Plc has a 1-year low of GBX 759.50 and a 1-year high of GBX 1,113.00. The stock has a 50 day moving average price of GBX 1,018.47 and a 200 day moving average price of GBX 991.07.
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The business also recently announced a dividend, which will be paid on Friday, December 8th. Stockholders of record on Thursday, November 16th will be issued a dividend of GBX 7.36 ($0.10) per share. This is a boost from Abcam Plc’s previous dividend of $2.83. This represents a dividend yield of 0.71%. The ex-dividend date is Thursday, November 16th.
In other Abcam Plc news, insider Louise Patten acquired 1,636 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were purchased at an average cost of GBX 1,079 ($14.24) per share, for a total transaction of £17,652.44 ($23,294.33). Also, insider Jonathan Simon Milner sold 567,033 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of GBX 1,017 ($13.42), for a total value of £5,766,725.61 ($7,609,825.30).
Abcam Plc Company Profile
Abcam plc is a global life sciences company. As a developer of reagents and tools, the Company’s purpose is to serve life science researchers globally. Providing the research and clinical communities with tools and scientific support, the Company offers validated biological binders and assays to address important targets in critical biological pathways.
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