Nucana Plc (NCNA) Receives a Buy from Cowen & Co.


In a report released yesterday, Boris Peaker from Cowen & Co. maintained a Buy rating on Nucana Plc (NCNA). The company’s shares closed yesterday at $14.83.

According to TipRanks.com, Peaker is a 4-star analyst with an average return of 3.3% and a 41.8% success rate. Peaker covers the Healthcare sector, focusing on stocks such as Iovance Biotherapeutics Inc, Stemline Therapeutics Inc, and Mersana Therapeutics Inc.

Nucana Plc has an analyst consensus of Moderate Buy, with a price target consensus of $35.

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Based on Nucana Plc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $4.65 million. In comparison, last year the company had a GAAP net loss of $8.9 million.

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NuCana Plc engages in the development of technology platform for the treatment of patients with cancer. Its Protide technology is consists of acelarin, NUC-3373, and NUC-7738. The company was founded by Hugh S. Griffith and Christopher B. Wood on January 28, 1997 and is headquartered in Edinburgh, the United Kingdom.

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