In a report released today, Jason McCarthy from Maxim Group maintained a Buy rating on Immutep Limited (IMMP), with a price target of $7. The company’s shares closed yesterday at $2.66.
McCarthy observed:
“Immutep presented data from its P1 TACTI-mel combination study of eftilagimod (soluble LAG-3) with Merck’s (MRK – NR) anti-PD1, Keytruda in metastatic melanoma at the 4th Annual ICI (Immune Checkpoint inhibitors) Europe Summit in Berlin.”
According to TipRanks.com, McCarthy ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -2.2% and a 34.3% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as SELLAS Life Sciences Group Inc, ContraVir Pharmaceuticals Inc, and Sonoma Pharmaceuticals Inc.
Currently, the analyst consensus on Immutep Limited is a Moderate Buy with an average price target of $7.
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The company has a one-year high of $4.21 and a one-year low of $1.25. Currently, Immutep Limited has an average volume of 156.5K.
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Immutep Ltd. is a biotechnology company, which engages in the research and development of immunotherapeutic treatments for cancer and autoimmune diseases. Its lead product is IMP321, which involves in clinical development for the treatment of breast cancer and melanoma. The company was founded on May 21, 1987 and is headquartered in Sydney, Australia.
