Global Blood Therapeutics (GBT) was downgraded to a Hold Rating at SVB Securities

SVB Securities analyst Andrew Berens downgraded Global Blood Therapeutics (GBTResearch Report) to a Hold today and set a price target of $68.50. The company’s shares closed yesterday at $66.60.

Berens covers the Healthcare sector, focusing on stocks such as Seagen, Agios Pharma, and Blueprint Medicines. According to TipRanks, Berens has an average return of 1.8% and a 53.19% success rate on recommended stocks.

Currently, the analyst consensus on Global Blood Therapeutics is a Hold with an average price target of $66.00, representing a -0.90% downside. In a report released today, Wells Fargo also downgraded the stock to a Hold with a $68.50 price target.

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GBT market cap is currently $4.34B and has a P/E ratio of -13.32.

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Global Blood Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the discovering, developing and commercializing novel therapeutics to treat grievous blood-based disorders. It also provides oral medicines for sickle cell diseases. The company was founded by Matthew P. Jacobson, Andrej Sali, Jack Taunton, Charles J. Homcy, Craig D. Muir and David R. Phillips in February 2011 and is headquartered in South San Francisco, CA.

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