Panmure Gordon Increases Abcam Plc (ABC) Price Target to GBX 640

Abcam Plc (LON:ABC) had its price objective lifted by equities researchers at Panmure Gordon from GBX 636 ($8.30) to GBX 640 ($8.35) in a research note issued on Monday. The brokerage presently has a “sell” rating on the stock. Panmure Gordon’s price objective would indicate a potential downside of 23.17% from the stock’s current price.

ABC has been the topic of several other research reports. Numis Securities Ltd reiterated an “add” rating and set a GBX 850 ($11.10) price target on shares of Abcam Plc in a report on Friday, September 2nd. JPMorgan Chase & Co. increased their price target on Abcam Plc from GBX 581 ($7.58) to GBX 678 ($8.85) and gave the company a “neutral” rating in a report on Tuesday, September 13th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Abcam Plc in a report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 645 ($8.42).

Analyst Recommendations for Abcam Plc (LON:ABC)

Shares of Abcam Plc (LON:ABC) opened at 833.00 on Monday. The firm’s 50 day moving average is GBX 764.31 and its 200-day moving average is GBX 682.49. Abcam Plc has a one year low of GBX 547.00 and a one year high of GBX 842.00. The firm’s market capitalization is GBX 1.68 billion.

The business also recently disclosed a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 10th will be paid a GBX 6.56 ($0.09) dividend. This is an increase from Abcam Plc’s previous dividend of $2.35. The ex-dividend date of this dividend is Thursday, November 10th. This represents a dividend yield of 0.83%.

In other news, insider Milner,Jonathan Simon sold 20,361 shares of the firm’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of GBX 820 ($10.70), for a total value of £166,960.20 ($217,935.26). Also, insider Ross,Michael acquired 954 shares of the stock in a transaction dated Wednesday, September 14th. The stock was bought at an average price of GBX 800 ($10.44) per share, for a total transaction of £7,632 ($9,962.15).

Abcam Plc Company Profile

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