Pliant Therapeutics (NASDAQ:PLRX – Get Rating) had its price target decreased by equities researchers at Royal Bank of Canada from $60.00 to $58.00 in a research note issued to investors on Friday, The Fly reports. Royal Bank of Canada’s target price suggests a potential upside of 107.29% from the stock’s previous close.
A number of other research analysts also recently commented on PLRX. Cantor Fitzgerald lifted their price objective on shares of Pliant Therapeutics from $40.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, January 23rd. JPMorgan Chase & Co. boosted their target price on shares of Pliant Therapeutics from $42.00 to $51.00 in a report on Monday, January 23rd. Stifel Nicolaus initiated coverage on shares of Pliant Therapeutics in a research note on Tuesday, December 13th. They issued a “buy” rating and a $33.00 price objective on the stock. SVB Leerink increased their target price on shares of Pliant Therapeutics from $33.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 24th. Finally, Citigroup upped their price objective on shares of Pliant Therapeutics from $36.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, January 24th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, Pliant Therapeutics presently has an average rating of “Buy” and a consensus price target of $48.00.
Pliant Therapeutics Price Performance
PLRX opened at $27.98 on Friday. Pliant Therapeutics has a one year low of $3.96 and a one year high of $36.64. The stock has a market capitalization of $1.36 billion, a P/E ratio of -9.42 and a beta of 1.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 13.99 and a quick ratio of 13.99. The company’s 50 day simple moving average is $28.68 and its 200-day simple moving average is $23.61.
Insider Activity at Pliant Therapeutics
Institutional Investors Weigh In On Pliant Therapeutics
Several hedge funds have recently made changes to their positions in PLRX. UNC Management Company Inc. bought a new stake in Pliant Therapeutics in the third quarter valued at about $1,049,000. Delphia USA Inc. acquired a new stake in Pliant Therapeutics during the 2nd quarter valued at $138,000. Blackstone Inc. purchased a new position in shares of Pliant Therapeutics during the 3rd quarter valued at $210,000. Quantamental Technologies LLC purchased a new position in shares of Pliant Therapeutics during the 3rd quarter valued at $341,000. Finally, Bessemer Group Inc. boosted its holdings in Pliant Therapeutics by 9.7% in the third quarter. Bessemer Group Inc. now owns 589,266 shares of the company’s stock worth $12,310,000 after purchasing an additional 51,887 shares in the last quarter. Institutional investors and hedge funds own 97.52% of the company’s stock.
About Pliant Therapeutics
Pliant Therapeutics, Inc, a clinical stage biopharmaceutical company, discovers, develops, and commercializes novel therapies for the treatment of fibrosis and related diseases in the United States. Its lead product candidate is PLN-74809, an oral small-molecule dual selective inhibitor of avß6 and avß1 integrins, which is in three Phase 2a trials.
- Get a free copy of the StockNews.com research report on Pliant Therapeutics (PLRX)
- What the SVB Financial Collapse Means for U.S. Banks
- MarketBeat Week in Review – 3/6 – 3/10
- 2 Offshore Drilling Stocks Set to Extract Big Profits
- Three Staples Stocks With Double-Digit Upside Ahead
- Can Investors Trust Consumers to Lift American Outdoor Brands?
Receive News & Ratings for Pliant Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pliant Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.