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BELLUS Health (BLU) Gets a Buy Rating from H.C. Wainwright

H.C. Wainwright analyst Andrew Fein maintained a Buy rating on BELLUS Health (BLUResearch Report) today and set a price target of $14.00. The company’s shares closed last Monday at $8.63.

According to TipRanks.com, Fein is a 4-star analyst with an average return of 6.7% and a 40.1% success rate. Fein covers the Healthcare sector, focusing on stocks such as DBV Technologies SA – American, Deciphera Pharmaceuticals, and Global Blood Therapeutics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for BELLUS Health with a $15.75 average price target, implying a 99.1% upside from current levels. In a report issued on December 7, RBC Capital also maintained a Buy rating on the stock with a $11.00 price target.

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The company has a one-year high of $7.65 and a one-year low of $2.60. Currently, BELLUS Health has an average volume of 2.47M.

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BELLUS Health, Inc. is a biopharmaceutical development company which engages in the research and development of novel therapeutics for the treatment of chronic cough and other hypersensitisation disorders. Its product, BLU-5937, is being developed for the treatment of chronic cough and chronic pruritus, or chronic itch. The company was founded on June 17, 1993 and is headquartered in Laval, Canada.

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