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Spero Therapeutics (SPRO) Gets a Buy Rating from Berenberg Bank

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In a report released today, Esther Hong from Berenberg Bank maintained a Buy rating on Spero Therapeutics (SPROResearch Report), with a price target of $44.00. The company’s shares closed last Wednesday at $9.35.

According to TipRanks.com, Hong is ranked 0 out of 5 stars with an average return of -23.0% and a 20.8% success rate. Hong covers the Healthcare sector, focusing on stocks such as ACADIA Pharmaceuticals, Aldeyra Therapeutics, and Aprea Therapeutics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spero Therapeutics with a $44.00 average price target, representing a 331.8% upside. In a report released today, Cantor Fitzgerald also reiterated a Buy rating on the stock.

See the top stocks recommended by analysts >>

Spero Therapeutics’ market cap is currently $310.3M and has a P/E ratio of -3.74.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SPRO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Spero Therapeutics, Inc. is a clinical-stage biopharmaceutical company which focuses on identifying, developing, and commercializing novel treatments for multi-drug resistant, or MDR, bacterial infections. Its pipeline product candidates include SPR994, SPR741, and SPR206. The company was founded by Ankit A. Mahadevia and Laurence Rahme in April 2013 and is headquartered in Cambridge, MA.

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