Zacks: Brokerages Set $8.00 Price Target for Presbia PLC (LENS)
Presbia PLC (NASDAQ:LENS) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a twelve-month consensus price target of $8.00 for the company and are predicting that the company will post ($0.11) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Presbia an industry rank of 102 out of 255 based on the ratings given to related companies.
A number of equities analysts recently weighed in on LENS shares. Zacks Investment Research lowered shares of Presbia from a “hold” rating to a “sell” rating in a research note on Friday, August 31st. ValuEngine raised shares of Presbia from a “hold” rating to a “buy” rating in a research note on Thursday, July 5th. Finally, HC Wainwright set a $6.00 target price on shares of Presbia and gave the stock a “buy” rating in a research note on Tuesday, May 29th.
Presbia PLC, an ophthalmic device company, develops and markets optical lens implants for treating presbyopia. The company provides the refractive lens for patient surgeries, as well as accessories for procedures. It primarily operates in South Korea, Australia, New Zealand, Italy, the Netherlands, Ireland, Canada, and Germany.
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