Panmure Gordon Reiterates “Buy” Rating for Hutchison China MediTech Limited (HCM)
Panmure Gordon reissued their buy rating on shares of Hutchison China MediTech Limited (LON:HCM) in a research note issued to investors on Tuesday. Panmure Gordon currently has a GBX 3,840 ($49.66) price objective on the stock.
Separately, Beaufort Securities reaffirmed a buy rating on shares of Hutchison China MediTech Limited in a research report on Tuesday, August 1st.
Hutchison China MediTech Limited (LON:HCM) opened at 3840.00 on Tuesday. Hutchison China MediTech Limited has a 1-year low of GBX 1,760.00 and a 1-year high of GBX 3,520.00. The company has a 50-day moving average of GBX 13,448.40 and a 200-day moving average of GBX 5,696.26. The firm’s market capitalization is GBX 2.33 billion.
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In other news, insider Karen Jean Ferrante purchased 10,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average cost of GBX 3,475 ($44.94) per share, with a total value of £347,500 ($449,430.94).
Hutchison China MediTech Limited Company Profile
Hutchison China MediTech Limited (Chi-Med) is a China-based, globally-focused healthcare group. The Company researches, develops, manufactures and sells pharmaceuticals and health-related consumer products. Its Innovation Platform focuses on discovering and developing therapeutics in oncology and autoimmune diseases for the global market.
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