BELLUS Health (BLU) Receives a Buy from LifeSci Capital

In a report released yesterday, Sam Slutsky from LifeSci Capital maintained a Buy rating on BELLUS Health (BLUResearch Report), with a price target of $18.00. The company’s shares closed last Monday at $8.30.

According to TipRanks.com, Slutsky is a 3-star analyst with an average return of 6.1% and a 38.6% success rate. Slutsky covers the Healthcare sector, focusing on stocks such as Catalyst Biosciences, Ventyx Biosciences, and Sierra Oncology.

Currently, the analyst consensus on BELLUS Health is a Strong Buy with an average price target of $16.00, implying a 92.8% 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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Based on BELLUS Health’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4,000 and GAAP net loss of $22.88 million. In comparison, last year the company earned revenue of $3,000 and had a GAAP net loss of $5.71 million.

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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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