In a report released today, Matthew Harrison from Morgan Stanley maintained a Hold rating on Global Blood Therapeutics (GBT), with a price target of $71.00. The company’s shares closed last Monday at $66.21.
According to TipRanks.com, Harrison is a 5-star analyst with an average return of 10.4% and a 59.0% success rate. Harrison covers the Healthcare sector, focusing on stocks such as Biohaven Pharmaceutical Holding Co, Alexion Pharmaceuticals, and BioMarin Pharmaceutical.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Global Blood Therapeutics with a $101.08 average price target, representing a 57.5% upside. In a report issued on February 27, Canaccord Genuity also maintained a Hold rating on the stock with a $60.00 price target.
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The company has a one-year high of $87.54 and a one-year low of $44.17. Currently, Global Blood Therapeutics has an average volume of 992.8K.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GBT in relation to earlier this year. Most recently, in December 2019, Philip Pizzo, a Director at GBT sold 30,000 shares for a total of $2,297,156.
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Global Blood Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the discovering, developing and commercializing novel therapeutics to treat grievous blood-based disorders. It also provides oral medicines for sickle cell diseases.
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