RBC Capital Maintains a Hold Rating on Provention Bio (PRVB)
RBC Capital analyst Gregory Renza maintained a Hold rating on Provention Bio (PRVB) on May 27 and set a price target of $9.00. The company’s shares closed last Friday at $7.61, close to its 52-week low of $6.15.
According to TipRanks.com, Renza is a 3-star analyst with an average return of 4.0% and a 37.4% success rate. Renza covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, ACADIA Pharmaceuticals, and Inovio Pharmaceuticals.
Currently, the analyst consensus on Provention Bio is a Strong Buy with an average price target of $18.58.
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Provention Bio’s market cap is currently $482.3M and has a P/E ratio of -3.60. The company has a Price to Book ratio of 2.62.
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Provention Bio, Inc. is a clinical-stage biopharmaceutical company, which engages in the development and commercialization of novel therapeutics and solutions. Its products include PRV-031 for the interception of type 1 diabetes (T1D); PRV-015 for the treatment of gluten-free diet non-responding celiac disease; PRV-6527 for Crohn’s disease; PRV-300 for ulcerative colitis; PRV-3279 for the treatment of lupus; and PRV-101 for the prevention of acute coxsackie virus B (CVB), and the prevention of T1D onset. The company was founded by Francisco Leon and Ashleigh Palmer on October 4, 2016 and is headquartered in Lebanon, NJ.
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