Abcam Plc (ABC) Given Average Rating of “Hold” by Analysts
Abcam Plc (LON:ABC) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 642 ($7.82).
A number of brokerages recently weighed in on ABC. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 581 ($7.08) price target on shares of Abcam Plc in a research note on Friday, July 15th. Numis Securities Ltd reiterated an “add” rating and set a GBX 850 ($10.36) price target on shares of Abcam Plc in a research note on Friday, September 2nd. Stifel Nicolaus reiterated a “hold” rating on shares of Abcam Plc in a research note on Monday, July 25th. Finally, Panmure Gordon began coverage on shares of Abcam Plc in a research note on Thursday, August 4th. They set a “sell” rating and a GBX 636 ($7.75) price target for the company.
Shares of Abcam Plc (LON:ABC) traded down 0.51% during mid-day trading on Monday, hitting GBX 881.00. 923,281 shares of the stock traded hands. Abcam Plc has a 12-month low of GBX 547.00 and a 12-month high of GBX 896.00. The firm’s 50 day moving average price is GBX 814.12 and its 200 day moving average price is GBX 709.07. The firm’s market cap is GBX 1.78 billion.
The company also recently disclosed a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 10th will be given a dividend of GBX 6.56 ($0.08) per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a yield of 0.83%. This is an increase from Abcam Plc’s previous dividend of $2.35.
In other news, insider Louise Patten acquired 12,378 shares of the business’s stock in a transaction on Friday, September 30th. The stock was bought at an average price of GBX 836 ($10.19) per share, for a total transaction of £103,480.08 ($126,118.32). Also, insider Milner,Jonathan Simon sold 20,361 shares of the company’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of GBX 820 ($9.99), for a total transaction of £166,960.20 ($203,485.92).
Abcam Plc Company Profile
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