Verona Pharma (VRNA) Gets a Buy Rating from Wedbush


Wedbush analyst Liana Moussatos reiterated a Buy rating on Verona Pharma (VRNA) today and set a price target of $60.00. The company’s shares closed last Monday at $7.30.

According to TipRanks.com, Moussatos is a 1-star analyst with an average return of -0.9% and a 45.2% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as Catabasis Pharmaceuticals, Global Blood Therapeutics, and Eiger Biopharmaceuticals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Verona Pharma with a $47.00 average price target.

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Based on Verona Pharma’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $11.53 million. In comparison, last year the company had a GAAP net loss of $3.79 million.

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Verona Pharma Plc operates as a clinical-stage biopharmaceutical company focused on developing and commercializing therapeutics for the treatment of respiratory diseases. It’s product include, RPL554, is a dual inhibitor of the enzymes phosphodiesterase 3 and 4 that acts as both a bronchodilator and an anti-inflammatory agent in a single compound.

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