BELLUS Health (BLU) Gets a Buy Rating from LifeSci Capital
LifeSci Capital analyst Sam Slutsky maintained a Buy rating on BELLUS Health (BLU) on March 1 and set a price target of $9.00. The company’s shares closed last Friday at $3.84.
According to TipRanks.com, Slutsky is a 3-star analyst with an average return of 5.0% and a 46.3% success rate. Slutsky covers the Healthcare sector, focusing on stocks such as Aeglea Biotherapeutics, Catalyst Biosciences, and Cogent Biosciences.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for BELLUS Health with a $9.00 average price target, a 130.8% upside from current levels. In a report issued on February 25, RBC Capital also maintained a Buy rating on the stock with a $8.00 price target.
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Based on BELLUS Health’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4,000 and GAAP net loss of $7.49 million. In comparison, last year the company earned revenue of $7,000 and had a GAAP net loss of $9.97 million.
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BELLUS Health, Inc. is a biopharmaceutical development company which engages in the research and development of novel therapeutics for the treatment of chronic cough and other hypersensitisation disorders. Its product, BLU-5937, is being developed for the treatment of chronic cough and chronic pruritus, or chronic itch. The company was founded on June 17, 1993 and is headquartered in Laval, Canada.
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