Maxim Group Analysts Give AEterna Zentaris (AEZS) a $4.00 Price Target

AEterna Zentaris (NASDAQ:AEZS) (TSE:AEZ) has been given a $4.00 price objective by equities research analysts at Maxim Group in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the biopharmaceutical company’s stock. Maxim Group’s price target indicates a potential upside of 99.00% from the stock’s previous close.

A number of other brokerages have also recently issued reports on AEZS. HC Wainwright set a $3.00 price objective on shares of AEterna Zentaris and gave the company a “buy” rating in a research note on Wednesday, November 29th. ValuEngine raised shares of AEterna Zentaris from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. AEterna Zentaris has an average rating of “Hold” and an average target price of $4.33.

AEterna Zentaris (NASDAQ AEZS) opened at $2.01 on Thursday. AEterna Zentaris has a 52 week low of $0.78 and a 52 week high of $4.25.

A hedge fund recently raised its stake in AEterna Zentaris stock. JPMorgan Chase & Co. raised its holdings in AEterna Zentaris Inc. (NASDAQ:AEZS) (TSE:AEZ) by 451.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,800 shares of the biopharmaceutical company’s stock after acquiring an additional 46,500 shares during the quarter. JPMorgan Chase & Co. owned about 0.35% of AEterna Zentaris worth $120,000 as of its most recent SEC filing. 2.01% of the stock is currently owned by institutional investors and hedge funds.

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About AEterna Zentaris

Aeterna Zentaris Inc is a specialty biopharmaceutical company engaged in developing and commercializing treatments in oncology, endocrinology and women’s health. The Company operates through the biopharmaceutical segment. The Company is engaged in drug development activities and in the promotion of products for others.

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