Raymond James analyst Danielle Brill maintained a Buy rating on PTC Therapeutics (PTCT) yesterday and set a price target of $70.00. The company’s shares closed last Thursday at $55.19.
According to TipRanks.com, Brill is a 4-star analyst with an average return of 16.8% and a 54.4% success rate. Brill covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, ACADIA Pharmaceuticals, and Sarepta Therapeutics.
PTC Therapeutics has an analyst consensus of Moderate Buy, with a price target consensus of $64.86, implying a 12.5% upside from current levels. In a report released yesterday, William Blair also maintained a Buy rating on the stock.
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PTC Therapeutics’ market cap is currently $3.77B and has a P/E ratio of -8.30. The company has a Price to Book ratio of -13.77.
Based on the recent corporate insider activity of 67 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.
