Bioline RX Ltd Sponsored ADR (BLRX) Receives a Buy from H.C. Wainwright

H.C. Wainwright analyst Joseph Pantginis reiterated a Buy rating on Bioline RX Ltd Sponsored ADR (BLRXResearch Report) today and set a price target of $19.00. The company’s shares opened today at $0.71.

According to TipRanks, Pantginis is an analyst with an average return of -16.9% and a 30.95% success rate. Pantginis covers the Healthcare sector, focusing on stocks such as Palatin Technologies, Actinium Pharmaceuticals, and PDS Biotechnology.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bioline RX Ltd Sponsored ADR with a $19.00 average price target.

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BLRX market cap is currently $51.14M and has a P/E ratio of -1.51.

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BioLineRx Ltd. is a clinical-stage biopharmaceutical company, which includes indentifying, in-licensing, and developing therapeutic candidates. Its in-licenses novel compounds, primarily from academic institutions and biotech companies based in Israel, and develops them through pre-clinical and clinical stages, and then partners with pharmaceutical companies clinical development and commercialization. The company was founded in April 2003 and is headquartered in Modi’in, Israel.

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