In a report released yesterday, Danielle Brill from Raymond James maintained a Buy rating on PTC Therapeutics (PTCT). The company’s shares closed last Thursday at $63.08.
According to TipRanks.com, Brill is a 4-star analyst with an average return of 17.3% and a 54.9% success rate. Brill covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, ACADIA Pharmaceuticals, and Sarepta Therapeutics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PTC Therapeutics with a $60.25 average price target, representing a -1.1% downside. In a report released yesterday, William Blair also maintained a Buy rating on the stock.
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The company has a one-year high of $70.82 and a one-year low of $30.79. Currently, PTC Therapeutics has an average volume of 495.4K.
Based on the recent corporate insider activity of 69 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 PTCT in relation to earlier this year.
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PTC Therapeutics, Inc. is a biopharmaceutical company, which engages in the discovery and commercialization of clinically-differentiated medicines. It focuses on the development of new treatments for multiple therapeutic areas, including rare diseases and oncology. The company was founded by Allan Steven Jacobson and Stuart W. Peltz on March 31, 1998 and is headquartered in South Plainfield, NJ.
