Arbutus Biopharma (ABUS) Gets a Buy Rating from Chardan Capital
In a report released today, Keay Nakae from Chardan Capital reiterated a Buy rating on Arbutus Biopharma (ABUS), with a price target of $5.00. The company’s shares closed last Monday at $1.87.
According to TipRanks.com, Nakae is a 4-star analyst with an average return of 7.1% and a 47.3% success rate. Nakae covers the Healthcare sector, focusing on stocks such as Arrowhead Pharmaceuticals, Lineage Cell Therapeutics, and Emergent Biosolutions.
Arbutus Biopharma has an analyst consensus of Strong Buy, with a price target consensus of $5.00, which is a 120.3% upside from current levels. In a report issued on May 11, B.Riley FBR also reiterated a Buy rating on the stock with a $6.00 price target.
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The company has a one-year high of $3.66 and a one-year low of $0.82. Currently, Arbutus Biopharma has an average volume of 912.3K.
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Arbutus Biopharma Corp. engages in discovering, developing and commercializing a cure for patients suffering from chronic Hepatitis B virus infection. The company is headquartered in Burnaby, Canada.