HC Wainwright Reaffirms Buy Rating for Vascular Biogenics Ltd. (VBLT)
HC Wainwright reissued their buy rating on shares of Vascular Biogenics Ltd. (NASDAQ:VBLT) in a research report sent to investors on Tuesday morning. HC Wainwright currently has a $11.00 price objective on the biopharmaceutical company’s stock.
Several other analysts have also issued reports on the stock. Chardan Capital lifted their target price on shares of Vascular Biogenics from $20.00 to $25.00 and gave the company a buy rating in a research report on Monday, November 6th. Zacks Investment Research upgraded shares of Vascular Biogenics from a sell rating to a hold rating in a research report on Wednesday, October 18th. Finally, ValuEngine upgraded shares of Vascular Biogenics from a sell rating to a hold rating in a research report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $16.00.
Shares of Vascular Biogenics (NASDAQ VBLT) opened at $7.00 on Tuesday. Vascular Biogenics has a 52-week low of $3.90 and a 52-week high of $9.05.
A hedge fund recently bought a new stake in Vascular Biogenics stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Vascular Biogenics Ltd. (NASDAQ:VBLT) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,100 shares of the biopharmaceutical company’s stock, valued at approximately $135,000. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.08% of Vascular Biogenics at the end of the most recent quarter. 7.26% of the stock is owned by hedge funds and other institutional investors.
About Vascular Biogenics
Vascular Biogenics Ltd. is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of treatments for cancer. The Company’s program is based on its Vascular Targeting System (VTS) platform technology, which utilizes genetically targeted therapy to destroy newly formed, or angiogenic, blood vessels.
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