Brokerages Set Abcam Plc (ABC) Price Target at $1,031.20

Shares of Abcam Plc (LON:ABC) have been assigned a consensus recommendation of “Hold” from the six research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 1,031.20 ($13.56).

Several brokerages recently issued reports on ABC. Peel Hunt restated a “hold” rating and issued a GBX 750 ($9.86) price objective on shares of Abcam Plc in a report on Friday, August 18th. Berenberg Bank restated a “buy” rating and issued a GBX 1,100 ($14.46) price objective on shares of Abcam Plc in a report on Monday, September 11th. Panmure Gordon restated a “sell” rating on shares of Abcam Plc in a report on Monday, September 11th. Numis Securities Ltd boosted their price objective on shares of Abcam Plc from GBX 1,116 ($14.67) to GBX 1,200 ($15.78) and gave the company an “add” rating in a report on Tuesday, September 12th. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 864 ($11.36) price objective on shares of Abcam Plc in a report on Tuesday, September 12th.

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In other news, insider Louise Patten bought 1,636 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was bought at an average cost of GBX 1,079 ($14.19) per share, with a total value of £17,652.44 ($23,208.57). Also, insider Jonathan Simon Milner sold 567,033 shares of Abcam Plc stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of GBX 1,017 ($13.37), for a total value of £5,766,725.61 ($7,581,811.21).

Abcam Plc (ABC) traded down 1.65% on Friday, hitting GBX 1015.00. 328,376 shares of the stock were exchanged. The firm’s market cap is GBX 2.07 billion. The stock’s 50 day moving average price is GBX 1,046.83 and its 200 day moving average price is GBX 975.17. Abcam Plc has a 52-week low of GBX 759.50 and a 52-week high of GBX 1,113.00.

The company also recently announced a dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 16th will be given a GBX 7.36 ($0.10) dividend. This is an increase from Abcam Plc’s previous dividend of $2.83. This represents a yield of 0.71%. The ex-dividend date is Thursday, November 16th.

About Abcam Plc

Abcam plc is a global life sciences company. As a developer of reagents and tools, the Company’s purpose is to serve life science researchers globally. Providing the research and clinical communities with tools and scientific support, the Company offers validated biological binders and assays to address important targets in critical biological pathways.

Analyst Recommendations for Abcam Plc (LON:ABC)

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