Numis Securities Ltd Increases Ergomed PLC (ERGO) Price Target to GBX 300

Ergomed PLC (LON:ERGO) had its target price boosted by investment analysts at Numis Securities Ltd from GBX 280 ($3.69) to GBX 300 ($3.96) in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Numis Securities Ltd’s price target points to a potential upside of 38.89% from the stock’s current price.

Ergomed PLC (ERGO) opened at 216.00 on Monday. Ergomed PLC has a 52-week low of GBX 122.50 and a 52-week high of GBX 225.00. The firm’s market cap is GBX 87.55 million. The firm’s 50-day moving average price is GBX 179.50 and its 200 day moving average price is GBX 191.04.

Ergomed PLC (LON:ERGO) last released its earnings results on Monday, September 18th. The company reported GBX 1.20 ($0.02) EPS for the quarter. Ergomed PLC had a return on equity of 2.69% and a net margin of 2.07%. The company had revenue of GBX 2,291 million for the quarter. On average, equities research analysts forecast that Ergomed PLC will post $7.80 EPS for the current year.

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Ergomed PLC Company Profile

Ergomed plc is a provider of drug development services to the pharmaceutical industry. The Company operates through two segments: clinical research services (CRS), and drug safety and medical information services (DS&MI). It provides a range of clinical trial planning, management and monitoring services.

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