Berenberg Bank Begins Coverage on Clinigen Group PLC (CLIN)
Stock analysts at Berenberg Bank started coverage on shares of Clinigen Group PLC (LON:CLIN) in a research note issued on Wednesday. The firm set a “hold” rating and a GBX 1,200 ($15.84) price target on the stock. Berenberg Bank’s target price points to a potential upside of 1.95% from the stock’s current price.
Several other brokerages have also recently issued reports on CLIN. Peel Hunt upgraded Clinigen Group PLC to a “buy” rating and upped their target price for the company from GBX 1,200 ($15.84) to GBX 1,350 ($17.81) in a report on Tuesday, October 10th. Numis Securities Ltd cut Clinigen Group PLC to an “add” rating and set a GBX 1,100 ($14.52) target price for the company. in a report on Tuesday, July 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Clinigen Group PLC has an average rating of “Buy” and an average target price of GBX 1,103 ($14.56).
Clinigen Group PLC (LON:CLIN) opened at 1175.00 on Wednesday. The stock’s 50 day moving average price is GBX 1,108.97 and its 200-day moving average price is GBX 978.53. Clinigen Group PLC has a 52-week low of GBX 695.00 and a 52-week high of GBX 1,187.00. The company’s market capitalization is GBX 1.35 billion.
Clinigen Group PLC (LON:CLIN) last issued its earnings results on Thursday, September 28th. The company reported GBX 41.80 ($0.55) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 41.20 ($0.54) by GBX 0.60 ($0.01). The company had revenue of £302.30 million during the quarter. Clinigen Group PLC had a return on equity of 0.98% and a net margin of 0.70%.
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In other Clinigen Group PLC news, insider John Bacon sold 250,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of GBX 1,093 ($14.42), for a total value of £2,732,500 ($3,605,832.67). Also, insider Shaun Edward Chilton sold 100,000 shares of the company’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of GBX 1,150 ($15.18), for a total value of £1,150,000 ($1,517,550.80).
Clinigen Group PLC Company Profile
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