In a report released today, Yi Chen from H.C. Wainwright reiterated a Buy rating on Bio-Path Holdings (BPTH), with a price target of $12.00. The company’s shares closed last Friday at $5.33, close to its 52-week low of $3.12.
According to TipRanks.com, Chen is a top 100 analyst with an average return of 56.2% and a 48.1% success rate. Chen covers the Healthcare sector, focusing on stocks such as Ortho Clinical Diagnostics Holdings, Interpace Diagnostics Group, and HTG Molecular Diagnostics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bio-Path Holdings with a $12.50 average price target.
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The company has a one-year high of $24.34 and a one-year low of $3.12. Currently, Bio-Path Holdings has an average volume of 800K.
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Bio-Path Holdings, Inc. is a biotechnology company, which engages in the develpment of therapies for acute myeloid leukemia (AML) and chronic myeloid leukemia (CML). Its product pipeline include Prexigebersen, BP1002, and BP1003. The company was founded by Peter Nielsen, Douglas P. Morris, Gabriel Lopez-Berestein and Ana Tari Ashizawa on May 10, 2007 and is headquartered in Bellaire, TX.
