Zealand Pharma (ZEAL) Initiated with a Buy at Needham

Zealand Pharma (ZEAL) received a Buy rating and a $42.00 price target from Needham analyst Alan Carr today. The company’s shares closed last Tuesday at $35.21.

According to TipRanks.com, Carr is a 4-star analyst with an average return of 8.9% and a 48.1% success rate. Carr covers the Healthcare sector, focusing on stocks such as Lexicon Pharmaceuticals, Phathom Pharmaceuticals, and Crispr Therapeutics AG.

Zealand Pharma has an analyst consensus of Moderate Buy, with a price target consensus of $43.00.

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Zealand Pharma’s market cap is currently $1.48B and has a P/E ratio of -13.60. The company has a Price to Book ratio of 5.93.

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Zealand Pharma A/S is a biotechnology company that engages in the discovery, design and development of peptide based medicines. Its products include Soliqua and Lyxumia. The company was founded by Lars Hellerung Christiansen and Bjarne Due Larsen on October 19, 1998 and is headquartered in Glostrup, Denmark.

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