Zai Lab (NASDAQ:ZLAB) Coverage Initiated at Bank of America
Several other analysts have also issued reports on the company. Zacks Investment Research lowered Zai Lab from a “buy” rating to a “hold” rating in a report on Saturday, June 15th. BidaskClub upgraded Zai Lab from a “buy” rating to a “strong-buy” rating in a report on Friday, June 28th. Macquarie initiated coverage on Baozun in a report on Friday, July 5th. They set a “buy” rating and a $60.00 target price on the stock. Finally, Leerink Swann set a $453.00 target price on Regeneron Pharmaceuticals and gave the company a “buy” rating in a report on Tuesday, June 11th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $36.81.
Shares of NASDAQ:ZLAB opened at $36.35 on Friday. Zai Lab has a 1 year low of $14.29 and a 1 year high of $36.68. The stock’s fifty day moving average price is $31.55. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of -13.77 and a beta of 1.36.
Zai Lab Company Profile
Zai Lab Limited, a biopharmaceutical company, engages in discovering or licensing, developing, and commercializing proprietary therapeutics that address medical needs in the fields of oncology, and autoimmune and infectious disease therapies in the People's Republic of China. Its drug candidates include ZL-2306, a poly ADP ribose polymerase 1/2 inhibitor, which is in Phase III clinical trial for the treatment of ovarian, lung, and breast cancers; ZL-2401, an antibiotic that is in Phase III clinical trial to treat ABSSSI, CABP, and UTI; FPA144, a humanized monoclonal antibody, which is in Phase I/III clinical trial to treat gastric and gastroesophageal cancer; ETX2514, a novel ß-lactamase inhibitor that is in Phase II cUTI trial for the treatment of acinetobacter baumannii; and ZL-2301, which is in Phase III clinical trial to treat HCC.
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