Midatech Pharma PLC’s (MTPH) Buy Rating Reaffirmed at Panmure Gordon

Panmure Gordon reissued their buy rating on shares of Midatech Pharma PLC (LON:MTPH) in a research note published on Thursday. Panmure Gordon currently has a GBX 297 ($3.74) target price on the stock.

Separately, N+1 Singer reiterated a buy rating and issued a GBX 283 ($3.56) target price on shares of Midatech Pharma PLC in a report on Friday, January 20th.

Shares of Midatech Pharma PLC (LON:MTPH) traded up 0.42% during midday trading on Thursday, reaching GBX 120.00. 203,843 shares of the company were exchanged. The company’s 50-day moving average price is GBX 119.47 and its 200 day moving average price is GBX 122.20. Midatech Pharma PLC has a 52-week low of GBX 100.51 and a 52-week high of GBX 189.90. The stock’s market capitalization is GBX 58.44 million.

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About Midatech Pharma PLC

Midatech Pharma PLC is an early-stage biopharmaceutical company that focuses on commercializing and developing products in oncology and other therapeutic areas. The Company’s segments include Pipeline Research and Development, and Commercial. The Pipeline Research and Development segment seeks to develop products using the nanomedicine and sustained release technology platforms.

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