Adaptimmune Therapeutics PLC’s (ADAP) Buy Rating Reiterated at SunTrust Banks, Inc.
SunTrust Banks, Inc. reiterated their buy rating on shares of Adaptimmune Therapeutics PLC (NASDAQ:ADAP) in a report issued on Friday. SunTrust Banks, Inc. currently has a $10.00 target price on the biotechnology company’s stock.
Several other equities research analysts have also recently issued reports on ADAP. BidaskClub raised shares of Adaptimmune Therapeutics PLC from a sell rating to a hold rating in a research note on Sunday, July 16th. Zacks Investment Research cut shares of Adaptimmune Therapeutics PLC from a buy rating to a hold rating in a research note on Monday, July 17th. ValuEngine raised shares of Adaptimmune Therapeutics PLC from a strong sell rating to a sell rating in a research note on Thursday, July 20th. Leerink Swann reaffirmed an outperform rating and set a $15.00 target price on shares of Adaptimmune Therapeutics PLC in a research note on Friday, September 8th. Finally, TheStreet raised shares of Adaptimmune Therapeutics PLC from a d rating to a c rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $11.58.
Shares of Adaptimmune Therapeutics PLC (ADAP) opened at $8.10 on Friday. Adaptimmune Therapeutics PLC has a one year low of $3.76 and a one year high of $9.29.
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Institutional investors and hedge funds have recently made changes to their positions in the business. KCG Holdings Inc. acquired a new stake in Adaptimmune Therapeutics PLC during the 1st quarter worth $133,000. OxFORD Asset Management LLP acquired a new stake in Adaptimmune Therapeutics PLC during the 2nd quarter worth $156,000. Paloma Partners Management Co acquired a new stake in Adaptimmune Therapeutics PLC during the 1st quarter worth $165,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Adaptimmune Therapeutics PLC during the 3rd quarter worth $199,000. Finally, Virtu KCG Holdings LLC raised its holdings in shares of Adaptimmune Therapeutics PLC by 108.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 50,279 shares of the biotechnology company’s stock worth $226,000 after acquiring an additional 26,105 shares during the period. 68.17% of the stock is currently owned by institutional investors.
About Adaptimmune Therapeutics PLC
Adaptimmune Therapeutics plc is a clinical-stage biopharmaceutical company. The Company is focused on cancer immunotherapy products based on its Specific Peptide Enhanced Affinity Receptor (SPEAR) T-cell platform. The Company has developed a platform that enables it to identify cancer targets, find and genetically engineer TCR, and produce TCR therapeutic candidates for administration to patients.
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