RE: Panmure Gordon note - Research Tree12 Apr 2016 19:12
Panmure Gordon Retained Midatech Pharma Plc (LON:MTPH) As ‘Buy’
By Warren Smith / in UK Broker Ratings / on Tuesday, 12 Apr 2016 09:40 AM / 0 Comments
On Sunday analysts at Panmure Gordon retained Midatech Pharma Plc’s (LON:MTPH) shares as ‘Buy’ in a research note issued to investors.
Following Panmure Gordon’s latest price target of 476 on the business this highlights that the broker now believes there is an increase of 180% from Midatech Pharma Plc’s current share price of 170.
The number of shares Midatech Pharma Plc currently has in issue is 27,810,000, which have a value of 170 per share calculating Midatech Pharma Plc’s market capitalisation to 47.28M GBP.
Midatech Pharma Plc Twelve Month Chart For Midatech Pharma Plc
LON:MTPH
Over the last 52 weeks Midatech Pharma Plc’s stock price has increased by 0% from 0.00 to 170.
Shares in Midatech Pharma Plc have risen as high as 320 in the past 52 weeks whilst the lowest price in the last 52 weeks has been 133. The business’s 50 day moving average is 160.66 and its 200 day moving average is 210.46.
Midatech Pharma Plc is a United Kingdom-based nanomedicine company. The Company is focused on the development and commercialization of various therapeutic products for diseases, which include diabetes, certain cancers, such as liver, ovarian and brain (glioblastoma), and certain neurological/ophthalmologic conditions. Its product candidates, which are in clinical and pre-clinical development, are Transbuccal Insulin, glucagon-like-peptide (GLP-1), GLP-1/Insulin Combination, Q-Exenatide and Q-Octreotide. It is also developing oncology products for the treatment of brain cancer (glioblastoma), ovarian cancer, liver cancer and pancreatic cancer. Its pipeline of product candidates is based on its drug conjugate and sustained release delivery platforms. The Company also offers Zuplenz for the prevention of chemotherapy-induced nausea and vomiting, radiotherapy-induced nausea and vomiting, and post-operative nausea and vomiting.