Zacks: Prana Biotechnology Limited (PRAN) Given $4.00 Average Target Price by Analysts
Shares of Prana Biotechnology Limited (NASDAQ:PRAN) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price objective of $4.00 for the company, according to Zacks. Zacks has also assigned Prana Biotechnology an industry rank of 101 out of 255 based on the ratings given to its competitors.
Several equities analysts recently commented on PRAN shares. Zacks Investment Research upgraded shares of Prana Biotechnology from a “sell” rating to a “hold” rating in a research note on Wednesday, May 23rd. ValuEngine upgraded shares of Prana Biotechnology from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd.
Prana Biotechnology Company Profile
Prana Biotechnology Limited develops therapies for the treatment of Alzheimer's disease, Huntington disease, and other neurodegenerative disorders in Australia. Its lead drug candidates include PBT2, which is in Phase IIb clinical trials for the treatment of Alzheimer's: and that is in Phase IIa clinical trials for the treatment of Huntington's diseases.
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