Maxim Group restated their buy rating on shares of BeiGene, Ltd. (NASDAQ:BGNE) in a research note released on Monday morning. The brokerage currently has a $77.00 target price on the stock.

Other analysts also recently issued research reports about the stock. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a $86.00 price objective (up previously from $43.00) on shares of BeiGene in a report on Tuesday, August 15th. Zacks Investment Research downgraded shares of BeiGene from a buy rating to a hold rating in a report on Thursday, August 10th. Robert W. Baird boosted their price objective on shares of BeiGene from $44.00 to $58.00 and gave the company an outperform rating in a report on Thursday, July 6th. Ladenburg Thalmann Financial Services assumed coverage on shares of BeiGene in a report on Monday, August 7th. They issued a buy rating and a $81.00 price objective for the company. Finally, Morgan Stanley reissued an overweight rating and issued a $83.00 price objective on shares of BeiGene in a report on Monday, July 10th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $77.33.

BeiGene (NASDAQ BGNE) traded down 0.20% on Monday, reaching $69.96. 11,981 shares of the company traded hands. BeiGene has a 52-week low of $26.43 and a 52-week high of $79.89. The firm’s market cap is $2.79 billion. The stock has a 50-day moving average price of $71.71 and a 200-day moving average price of $50.20.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/12/beigene-ltd-bgne-given-buy-rating-at-maxim-group.html.

In other news, CEO John Oyler sold 219,400 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $64.82, for a total transaction of $14,221,508.00. Following the completion of the sale, the chief executive officer now owns 212,055 shares of the company’s stock, valued at approximately $13,745,405.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bros. Advisors Lp Baker purchased 176,056 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $71.00 per share, with a total value of $12,499,976.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 383,710 shares of company stock valued at $22,373,260.

Several institutional investors have recently modified their holdings of the company. ProShare Advisors LLC lifted its holdings in shares of BeiGene by 2.5% during the 2nd quarter. ProShare Advisors LLC now owns 10,118 shares of the company’s stock worth $455,000 after acquiring an additional 246 shares during the period. First Trust Advisors LP lifted its holdings in shares of BeiGene by 2.2% during the 2nd quarter. First Trust Advisors LP now owns 48,860 shares of the company’s stock worth $2,199,000 after acquiring an additional 1,029 shares during the period. Bank of America Corp DE lifted its holdings in shares of BeiGene by 5.8% during the 1st quarter. Bank of America Corp DE now owns 20,199 shares of the company’s stock worth $740,000 after acquiring an additional 1,116 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of BeiGene by 2.3% during the 1st quarter. Baillie Gifford & Co. now owns 70,865 shares of the company’s stock worth $2,594,000 after acquiring an additional 1,581 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of BeiGene by 3.8% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 45,987 shares of the company’s stock worth $1,684,000 after acquiring an additional 1,700 shares during the period. 51.02% of the stock is owned by institutional investors.

BeiGene Company Profile

BeiGene, Ltd. is a clinical-stage biopharmaceutical company. The Company is focused in the discovery and development of molecularly targeted and immuno-oncology drugs for the treatment of cancer. The Company had used its cancer biology platform to develop four clinical-stage drug candidates, such as BGB-3111, BGB-A317, BGB-290 and BGB-283, as of December 31, 2016.

Analyst Recommendations for BeiGene (NASDAQ:BGNE)

Receive News & Stock Ratings for BeiGene Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BeiGene Ltd. and related stocks with our FREE daily email newsletter.