ProMetic Life Sciences (PLI) Price Target Cut to C$0.75

ProMetic Life Sciences (TSE:PLI) had its price objective trimmed by National Bank Financial from C$1.00 to C$0.75 in a research note published on Wednesday morning. The firm currently has an underperform rating on the stock.

Several other brokerages have also issued reports on PLI. Canaccord Genuity decreased their price target on shares of ProMetic Life Sciences from C$4.00 to C$2.00 in a research note on Tuesday. TD Securities decreased their price target on shares of ProMetic Life Sciences from C$3.50 to C$2.00 in a research note on Monday, April 2nd. CIBC decreased their price target on shares of ProMetic Life Sciences from C$2.15 to C$0.60 in a research note on Monday, April 2nd. Finally, Royal Bank of Canada decreased their price target on shares of ProMetic Life Sciences from C$3.50 to C$2.00 and set an outperform rating for the company in a research note on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of C$1.89.

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Shares of TSE PLI opened at C$0.85 on Wednesday. ProMetic Life Sciences has a 12 month low of C$0.63 and a 12 month high of C$2.24.

In related news, Director Steven J. Burton sold 98,075 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of C$1.54, for a total value of C$151,035.50.

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About ProMetic Life Sciences

Prometic Life Sciences Inc (ProMetic) is a Canada-based biopharmaceutical company. The Company has two segments: Small Molecule Therapeutics and Protein Technology. The Company offers its technology platform for large-scale drug purification of biologics, drug development, proteomics and the elimination of pathogens to various industries, and uses its own affinity technology that provides for extraction and purification of therapeutic proteins from human plasma in order to develop therapeutics and orphan drugs.

Analyst Recommendations for ProMetic Life Sciences (TSE:PLI)

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