Prima BioMed’s (PBMD) Buy Rating Reaffirmed at Maxim Group
Prima BioMed Ltd (NASDAQ:PBMD)‘s stock had its “buy” rating reaffirmed by investment analysts at Maxim Group in a note issued to investors on Thursday. They presently have a $7.00 price objective on the biotechnology company’s stock. Maxim Group’s target price points to a potential upside of 321.69% from the company’s previous close.
Separately, Zacks Investment Research upgraded Prima BioMed from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a report on Wednesday, May 3rd.
Shares of Prima BioMed (NASDAQ PBMD) traded up 1.81% during midday trading on Thursday, hitting $1.69. The company had a trading volume of 147,972 shares. Prima BioMed has a 12-month low of $1.40 and a 12-month high of $3.26. The firm’s market capitalization is $35.76 million. The firm’s 50-day moving average is $1.67 and its 200-day moving average is $2.23.
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About Prima BioMed
Prima BioMed Ltd is a biotechnology company. The Company is engaged in research, development and commercialization of licensed medical biotechnology. It is also focused on development of immunotherapeutic products. The Company operates through Cancer Immunotherapy segment. Its core technologies are based on the Lymphocyte-activation gene 3 (LAG-3) immune control mechanism, which is involved in regulation of the T cell immune response.
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