H.C. Wainwright Keeps Their Buy Rating on BerGenBio AS (BRRGF)

H.C. Wainwright analyst Joseph Pantginis reiterated a Buy rating on BerGenBio AS (BRRGF) yesterday and set a price target of NOK66.00. The company’s shares closed last Monday at $3.30.

According to TipRanks.com, Pantginis is a 5-star analyst with an average return of 27.6% and a 55.6% success rate. Pantginis covers the Healthcare sector, focusing on stocks such as Applied Genetic Technologies, Lineage Cell Therapeutics, and Catabasis Pharmaceuticals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BerGenBio AS with a $6.77 average price target.

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Based on BerGenBio AS’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $67.28 million. In comparison, last year the company had a GAAP net loss of $52.79 million.

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BerGenBio ASA is a clinical stage oncology biotech company, which is engaged in developing therapeutics against novel drug targets that drive aggressive cancers. Its drug candidate bemcentinib (BGB324) is in clinical development as a novel treatment for a variety of cancers.

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