From Smarter analyst24 Oct 2018 17:56
In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Motif Bio plc, with a price target of $32. The company’s shares closed yesterday at $9.01.
Selvaraju said:
“Valuation methodology, risks and uncertainties. We employ a risk- adjusted net present value (rNPV) approach that yields $600M for iclaprim—with a 90% probability of success, 16% discount rate and 40% effective tax rate—and a price per share of $32.00 based on about 20M American Depositary Shares (ADSs) outstanding as of mid-2019.”
According to TipRanks.com, Selvaraju is a 1-star analyst with an average return of 0.0% and a 35.6% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Biospecifics Technologies Corp, Bausch Health Companies Inc, and Synergy Pharmaceuticals Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Motif Bio plc with a $32 average price target.