Shares of Benitec Biopharma Limited (NASDAQ:BNTC – Get Free Report) have been given an average recommendation of “Moderate Buy” by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $24.80.
BNTC has been the topic of several analyst reports. Guggenheim cut shares of Benitec Biopharma from a “buy” rating to a “neutral” rating in a report on Wednesday, June 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Benitec Biopharma in a research note on Friday, July 17th. Wedbush initiated coverage on Benitec Biopharma in a research note on Tuesday, July 28th. They issued an “outperform” rating and a $16.00 target price on the stock. Evercore assumed coverage on Benitec Biopharma in a research report on Tuesday, May 12th. They set an “outperform” rating and a $25.00 price target for the company. Finally, Wall Street Zen raised Benitec Biopharma from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st.
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Institutional Trading of Benitec Biopharma
Benitec Biopharma Price Performance
NASDAQ BNTC opened at $12.47 on Friday. The company has a fifty day moving average price of $12.73 and a 200-day moving average price of $11.92. The firm has a market cap of $428.34 million, a price-to-earnings ratio of -10.94 and a beta of 0.28. Benitec Biopharma has a 1 year low of $9.85 and a 1 year high of $16.76.
About Benitec Biopharma
Benitec Biopharma Ltd (NASDAQ: BNTC) is a clinical-stage biotechnology company developing gene-silencing therapies for serious human diseases. The company’s proprietary DNA-directed RNA interference (ddRNAi) platform is designed to enable sustained expression of small RNA molecules that specifically target and silence disease-causing genes. By integrating RNAi sequences directly into DNA constructs, ddRNAi aims to provide a long-term therapeutic effect from a single administration.
Benitec’s lead programs include development of ddRNAi candidates for chronic hepatitis B virus infection and for certain ocular conditions.
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