Spring Bank Pharmaceuticals (SBPH) Cut to “Sell” at ValuEngine
Spring Bank Pharmaceuticals (NASDAQ:SBPH) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
Several other equities research analysts also recently issued reports on SBPH. Dawson James reissued a “buy” rating on shares of Spring Bank Pharmaceuticals in a research note on Monday, August 7th. Chardan Capital reissued a “buy” rating on shares of Spring Bank Pharmaceuticals in a research note on Sunday, September 17th. B. Riley assumed coverage on Spring Bank Pharmaceuticals in a research note on Monday, November 6th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Cantor Fitzgerald set a $29.00 price objective on Spring Bank Pharmaceuticals and gave the stock a “buy” rating in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Spring Bank Pharmaceuticals presently has a consensus rating of “Buy” and a consensus price target of $27.25.
Shares of Spring Bank Pharmaceuticals (NASDAQ SBPH) opened at $13.50 on Friday. Spring Bank Pharmaceuticals has a one year low of $6.31 and a one year high of $18.93.
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About Spring Bank Pharmaceuticals
Spring Bank Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the discovery and development of a class of therapeutics using its small molecule nucleic acid hybrid (SMNH) chemistry platform. The Company is developing its SMNH product, SB 9200, for the treatment of viral diseases.
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