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Artelo Biosciences (ARTL) Receives a Buy from H.C. Wainwright

H.C. Wainwright analyst Vernon Bernardino reiterated a Buy rating on Artelo Biosciences (ARTLResearch Report) today and set a price target of $4.00. The company’s shares closed last Monday at $0.66, close to its 52-week low of $0.54.

According to TipRanks.com, Bernardino is a 5-star analyst with an average return of 30.6% and a 36.9% success rate. Bernardino covers the Healthcare sector, focusing on stocks such as Aridis Pharmaceuticals, Eledon Pharmaceuticals, and Achieve Life Sciences.

Currently, the analyst consensus on Artelo Biosciences is a Moderate Buy with an average price target of $3.50.

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Artelo Biosciences’ market cap is currently $16.2M and has a P/E ratio of -1.30. The company has a Price to Book ratio of 1.76.

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Artelo Biosciences, Inc. is a development stage company, which engages in discovering, licensing, developing and commercializing treatments that modulate the endocannabinoid system. The company was founded by James Manley on May 2, 2011 and is headquartered in San Diego, CA.

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