Spring Bank Pharmaceuticals Inc (SBPH) Receives Average Recommendation of “Buy” from Analysts
Spring Bank Pharmaceuticals Inc (NASDAQ:SBPH) has been given a consensus rating of “Buy” by the six ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $26.33.
A number of equities research analysts recently commented on the company. Cantor Fitzgerald set a $29.00 price target on Spring Bank Pharmaceuticals and gave the stock a “buy” rating in a research report on Thursday, November 16th. Chardan Capital restated a “buy” rating on shares of Spring Bank Pharmaceuticals in a research report on Monday, November 6th. B. Riley initiated coverage on Spring Bank Pharmaceuticals in a report on Monday, November 6th. They set a “buy” rating and a $30.00 price objective on the stock. Finally, ValuEngine downgraded Spring Bank Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, December 1st.
Shares of Spring Bank Pharmaceuticals (NASDAQ SBPH) opened at $12.71 on Tuesday. The company has a market capitalization of $164.61, a P/E ratio of -4.62 and a beta of 1.99. Spring Bank Pharmaceuticals has a 12-month low of $6.31 and a 12-month high of $18.93.
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About Spring Bank Pharmaceuticals
Spring Bank Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the discovery and development of a class of therapeutics using its small molecule nucleic acid hybrid (SMNH) chemistry platform. The Company is developing its SMNH product, SB 9200, for the treatment of viral diseases.
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