Abcam (LON:ABC) Given “Add” Rating at Peel Hunt

Peel Hunt reaffirmed their add rating on shares of Abcam (LON:ABC) in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

A number of other research firms also recently commented on ABC. Royal Bank of Canada reaffirmed a sector performer rating and set a GBX 1,300 ($16.99) price objective on shares of Abcam in a research report on Tuesday, November 12th. JPMorgan Chase & Co. decreased their target price on shares of Abcam from GBX 1,144 ($14.95) to GBX 1,134 ($14.82) and set a neutral rating on the stock in a report on Monday, September 16th. Liberum Capital restated a hold rating and issued a GBX 1,230 ($16.07) target price on shares of Abcam in a research report on Monday, November 11th. Finally, Berenberg Bank reaffirmed a buy rating and set a GBX 1,330 ($17.38) price target on shares of Abcam in a report on Monday, September 9th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Abcam presently has an average rating of Hold and an average target price of GBX 1,272.33 ($16.63).

Shares of ABC traded up GBX 27 ($0.35) during trading hours on Thursday, hitting GBX 1,371 ($17.91). 156,221 shares of the company were exchanged, compared to its average volume of 497,233. The company has a market cap of $2.83 billion and a price-to-earnings ratio of 62.89. Abcam has a fifty-two week low of GBX 1,006 ($13.15) and a fifty-two week high of GBX 1,523 ($19.90). The firm’s fifty day moving average is GBX 1,238.50 and its 200 day moving average is GBX 1,281.12.

The firm also recently declared a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 7th were paid a GBX 8.58 ($0.11) dividend. This is a positive change from Abcam’s previous dividend of $3.55. The ex-dividend date of this dividend was Thursday, November 7th. This represents a dividend yield of 0.74%. Abcam’s dividend payout ratio (DPR) is presently 0.55%.

In related news, insider Alan Thomas Hirzel sold 25,381 shares of Abcam stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of GBX 1,171 ($15.30), for a total transaction of £297,211.51 ($388,359.48). Also, insider Jonathan Simon Milner sold 170,000 shares of Abcam stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of GBX 1,147 ($14.99), for a total transaction of £1,949,900 ($2,547,889.72). Insiders have sold a total of 199,884 shares of company stock valued at $229,858,080 in the last three months.

About Abcam

Abcam plc, together with its subsidiaries, produces and distributes research-grade antibodies and associated protein research tools worldwide. The company primarily offers primary and secondary antibodies; ELISA, matched antibody pairs and multiplex immunoassays; cell and tissue imaging tools; cellular and biochemical assays; proteins and peptides; proteomics tools; agonists, antagonists, activators, and inhibitors; lysates; and multiplex miRNA assays.

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Analyst Recommendations for Abcam (LON:ABC)

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