PTC Therapeutics, Inc. (NASDAQ:PTCT) was upgraded by analysts at J P Morgan Chase & Co from an “underweight” rating to a “neutral” rating in a note issued to investors on Thursday. The brokerage presently has a $15.00 target price on the biopharmaceutical company’s stock. J P Morgan Chase & Co’s price objective would suggest a potential downside of 6.07% from the company’s current price.
A number of other equities research analysts have also recently commented on the stock. ValuEngine cut shares of PTC Therapeutics from a “hold” rating to a “sell” rating in a report on Thursday, September 7th. Citigroup Inc. restated a “buy” rating and set a $17.00 price objective (down previously from $28.00) on shares of PTC Therapeutics in a research report on Thursday, July 20th. Zacks Investment Research downgraded shares of PTC Therapeutics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Bank of America Corporation downgraded shares of PTC Therapeutics from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 26th. Finally, Royal Bank Of Canada set a $15.00 price objective on shares of PTC Therapeutics and gave the company a “hold” rating in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. PTC Therapeutics has a consensus rating of “Hold” and an average price target of $18.75.
PTC Therapeutics (PTCT) traded up $0.09 during trading hours on Thursday, hitting $15.97. 1,090,000 shares of the stock were exchanged, compared to its average volume of 1,120,000. PTC Therapeutics has a 1 year low of $8.12 and a 1 year high of $22.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.97 and a current ratio of 3.08.
About PTC Therapeutics
PTC Therapeutics, Inc is a biopharmaceutical company. The Company is focused on the discovery, development and commercialization of medicines using its expertise in ribonucleic acid (RNA) biology. Its product pipeline includes Ataluren (Translarna), PTC596 and RG7916. Its product candidate, ataluren, is an orally administered small-molecule compound for the treatment of patients with genetic disorders due to a nonsense mutation.
Receive News & Ratings for PTC Therapeutics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC Therapeutics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.