DBV Technologies S.A. (DBVT) Price Target Raised to $56.00
DBV Technologies S.A. (NASDAQ:DBVT) had its price objective raised by Deutsche Bank AG from $46.00 to $56.00 in a report released on Sunday. Deutsche Bank AG’s price objective indicates a potential upside of 16.86% from the company’s current price.
A number of other research firms also recently commented on DBVT. BidaskClub cut shares of DBV Technologies from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Morgan Stanley reiterated an “overweight” rating and set a $72.00 price target (up previously from $70.00) on shares of DBV Technologies in a research note on Friday. Zacks Investment Research cut shares of DBV Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Jefferies Group LLC reiterated a “buy” rating and set a $51.00 price target on shares of DBV Technologies in a research note on Tuesday, September 12th. Finally, Citigroup Inc. increased their price target on shares of DBV Technologies from $43.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. DBV Technologies presently has an average rating of “Buy” and an average target price of $56.29.
Shares of DBV Technologies (NASDAQ:DBVT) traded up 3.79% on Friday, reaching $47.92. The company had a trading volume of 288,699 shares. DBV Technologies has a 52 week low of $31.87 and a 52 week high of $48.11. The stock’s 50 day moving average is $43.87 and its 200 day moving average is $38.53. The firm’s market capitalization is $2.20 billion.
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Large investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new position in DBV Technologies during the 2nd quarter valued at about $222,000. Victory Capital Management Inc. purchased a new position in DBV Technologies during the 1st quarter valued at about $303,000. Airain ltd purchased a new position in DBV Technologies during the 2nd quarter valued at about $333,000. Sit Investment Associates Inc. purchased a new position in DBV Technologies during the 2nd quarter valued at about $698,000. Finally, Jane Street Group LLC purchased a new position in DBV Technologies during the 1st quarter valued at about $853,000. Hedge funds and other institutional investors own 45.52% of the company’s stock.
DBV Technologies Company Profile
DBV Technologies SA is a France-based clinical-stage biopharmaceutical company focused on changing the field of immunotherapy by developing a technology platform called Vaskin. The Company’s therapeutic approach is based on epicutaneous immunotherapy, or EPIT, its proprietary method of delivering biologically active compounds to the immune system through intact skin using Viaskin.
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