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Legend Biotech (LEGN) Gets a Buy Rating from BTIG

In a report issued on March 11, Justin Zelin from BTIG maintained a Buy rating on Legend Biotech (LEGNResearch Report), with a price target of $75.00. The company’s shares closed last Friday at $38.53.

According to TipRanks.com, Zelin has 0 stars on 0-5 stars ranking scale with an average return of -11.9% and a 30.5% success rate. Zelin covers the Healthcare sector, focusing on stocks such as Poseida Therapeutics, Viking Therapeutics, and Surface Oncology.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Legend Biotech with a $63.75 average price target, representing a 63.3% upside. In a report issued on March 15, Barclays also initiated coverage with a Buy rating on the stock with a $53.00 price target.

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Legend Biotech’s market cap is currently $5.89B and has a P/E ratio of -14.99.

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Legend Biotech Corp is a clinical-stage biopharmaceutical company. It is engaged in the discovery and development of novel cell therapies for oncology and other indications. The firm’s lead product candidate, LCAR-B38M/JNJ-4528, is a chimeric antigen receptor, or CAR, T cell therapy is for the treatment of multiple myeloma. Its other pipeline products include LB1910, LB1909, LB1903, and others. Geographically, the company generates a majority of its revenue from North America.

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