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William Blair Reaffirms Their Buy Rating on PTC Therapeutics (PTCT)

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William Blair analyst Raju Prasad maintained a Buy rating on PTC Therapeutics (PTCTResearch Report) on May 3. The company’s shares closed last Friday at $33.34, close to its 52-week low of $32.45.

According to TipRanks.com, Prasad is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.4% and a 36.2% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Rocket Pharmaceuticals, and Intellia Therapeutics.

PTC Therapeutics has an analyst consensus of Moderate Buy, with a price target consensus of $51.43, implying a 48.6% upside from current levels. In a report issued on April 25, J.P. Morgan also maintained a Buy rating on the stock with a $79.00 price target.

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The company has a one-year high of $45.80 and a one-year low of $32.45. Currently, PTC Therapeutics has an average volume of 566.8K.

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.

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.

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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