Royal Bank of Canada Reiterates “Sector Perform” Rating for Theratechnologies (TH)
Theratechnologies (TSE:TH)‘s stock had its “sector perform” rating reiterated by equities researchers at Royal Bank of Canada in a note issued to investors on Tuesday. They presently have a C$11.00 target price on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 10.78% from the company’s current price.
A number of other research analysts also recently issued reports on TH. Canaccord Genuity boosted their price target on Theratechnologies from C$13.00 to C$14.50 in a report on Friday, July 6th. National Bank Financial restated an “outperform” rating and set a C$14.25 price target on shares of Theratechnologies in a report on Wednesday, June 20th.
TH opened at C$9.93 on Tuesday. Theratechnologies has a 12 month low of C$4.96 and a 12 month high of C$14.75.
Theratechnologies Inc, a specialty pharmaceutical company, addresses unmet medical needs to promote healthy living and improve quality of life among HIV patients. The company's lead product is EGRIFTA, which increases the incidence or progression of diabetic retinopathy in diabetic HIV-infected patients with lipodystrophy and excess abdominal fat in the United States and Canada.
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