Abcam (NASDAQ:ABCM) Receives New Price Target of 2,200 GBX at Royal Bank of Canada

Abcam (NASDAQ:ABCM – Get a rating) had its price target raised by Royal Bank of Canada research analysts from 1,700 GBX ($20.54) to 2,200 GBX ($26.58) in a research report published on Wednesday, reports The Fly.

Separately, Panmure Gordon upgraded Abcam from a “hold” rating to a “buy” rating in a Monday, September 5 research note.

Abcam share performance

The NASDAQ ABCM rose $0.45 on Wednesday, hitting $16.17. 1,274 shares of the company were traded, against an average volume of 163,874. The company’s fifty-day moving average price is $14.82 and its 200-day moving average price is $15.54. Abcam has a fifty-two week low of $12.54 and a fifty-two week high of $24.00.

Hedge funds weigh on ABCam

Several hedge funds have recently bought and sold shares of ABCM. HM Payson & Co. purchased a new stake in Abcam during Q4 for approximately $29,000. 1832 Asset Management LP bought a new position in Abcam stock in Q1 worth about $32,000. National Bank of Canada FI increased its position in Abcam shares by 71.3% in the second quarter. National Bank of Canada FI now owns 2,777 shares of the company valued at $40,000 after purchasing an additional 1,156 shares during the period. JPMorgan Chase & Co. increased its position in Abcam shares by 48.7% in the first quarter. JPMorgan Chase & Co. now owns 3,044 shares of the company valued at $56,000 after purchasing an additional 997 shares during the period. Finally, Advisor Group Holdings Inc. increased its position in Abcam shares by 20.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 5,876 shares of the company valued at $138,000 after purchasing an additional 999 shares during the period. Institutional investors and hedge funds hold 11.82% of the company’s shares.

Abcam Company Profile

(Get a rating)

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Abcam plc, a life sciences company, is focused on the identification, development and distribution of reagents and tools for scientific research, diagnostics and drug discovery. Its main products include primary and secondary antibodies; conjugate antibodies and conjugation kits; singleplex and multiplex immunoassays; proteins and peptides including cytokines; modified cell lines and lysates; and various other products, including cell activity kits, miRNA kits, biochemicals, and cell signaling pathway tools.

Further reading

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