JMP Securities Thinks Arbutus Biopharma’s Stock is Going to Recover

JMP Securities analyst Roy Buchanan reiterated a Buy rating on Arbutus Biopharma (ABUSResearch Report) today and set a price target of $9.00. The company’s shares closed last Thursday at $2.55, close to its 52-week low of $1.93.

According to TipRanks.com, Buchanan ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -17.0% and a 24.4% success rate. Buchanan covers the Healthcare sector, focusing on stocks such as Enanta Pharmaceuticals, Hookipa Pharma, and PolyPid.

Currently, the analyst consensus on Arbutus Biopharma is a Strong Buy with an average price target of $6.33.

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Arbutus Biopharma’s market cap is currently $365.9M and has a P/E ratio of -3.37.

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Arbutus Biopharma Corp. engages in discovering, developing and commercializing a cure for patients suffering from chronic Hepatitis B virus infection. The company is headquartered in Burnaby, Canada.

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