RBC Capital Maintains a Hold Rating on PTC Therapeutics (PTCT)

In a report issued on July 7, Brian Abrahams from RBC Capital maintained a Hold rating on PTC Therapeutics (PTCTResearch Report), with a price target of $46.00. The company’s shares closed last Friday at $44.73, close to its 52-week high of $45.80.

According to TipRanks.com, Abrahams is a 1-star analyst with an average return of -1.0% and a 46.5% success rate. Abrahams covers the Healthcare sector, focusing on stocks such as Intra-Cellular Therapies, Karyopharm Therapeutics, and Vertex Pharmaceuticals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PTC Therapeutics with a $47.43 average price target.

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PTC Therapeutics’ market cap is currently $3.14B and has a P/E ratio of -5.97.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PTCT in relation to earlier this year.

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PTC Therapeutics, Inc. is a biopharmaceutical company, which engages in the discovery and commercialization of clinically-differentiated medicines. It focuses on the development of new treatments for multiple therapeutic areas, including rare diseases and oncology. The company was founded by Allan Steven Jacobson and Stuart W. Peltz on March 31, 1998 and is headquartered in South Plainfield, NJ.

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