Published On: Mon, Sep 12th, 2016

Numis Securities Ltd Reiterates Add Rating for Abcam Plc (ABC)

Abcam Plc (LON:ABC)‘s stock had its “add” rating reiterated by stock analysts at Numis Securities Ltd in a research report issued on Monday. They currently have a GBX 850 ($11.32) price objective on the stock. Numis Securities Ltd’s price objective points to a potential upside of 15.65% from the company’s previous close.
A number of other analysts have also recently issued reports on the company. Panmure Gordon assumed coverage on Abcam Plc in a report on Thursday, August 4th. They set a “sell” rating and a GBX 636 ($8.47) price objective on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 581 ($7.74) target price on shares of Abcam Plc in a research note on Tuesday, July 26th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Abcam Plc in a research note on Monday, July 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Abcam Plc currently has a consensus rating of “Hold” and an average price target of GBX 628.17 ($8.37).

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Shares of Abcam Plc (LON:ABC) traded up 9.71% on Monday, hitting GBX 802.50. The company had a trading volume of 1,510,505 shares. The company has a 50 day moving average price of GBX 747.29 and a 200 day moving average price of GBX 667.63. The firm’s market capitalization is GBX 1.61 billion. Abcam Plc has a 1-year low of GBX 547.00 and a 1-year high of GBX 807.00.

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