Zacks: Zealand Pharma A/S (ZEAL) Given $27.33 Consensus Price Target by Brokerages

Zealand Pharma A/S (NASDAQ:ZEAL) has been given an average broker rating score of 1.83 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company.

Brokers have set a 1 year consensus price objective of $27.33 for the company and are expecting that the company will post ($0.36) EPS for the current quarter, according to Zacks. Zacks has also assigned Zealand Pharma A/S an industry rank of 108 out of 265 based on the ratings given to its competitors.

Several research firms have issued reports on ZEAL. Morgan Stanley began coverage on Zealand Pharma A/S in a research note on Tuesday, September 5th. They issued an “overweight” rating and a $28.00 target price on the stock. Guggenheim began coverage on Zealand Pharma A/S in a research note on Tuesday, September 5th. They issued a “buy” rating and a $28.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $26.00 target price on shares of Zealand Pharma A/S in a research note on Monday. Finally, Goldman Sachs Group, Inc. (The) began coverage on Zealand Pharma A/S in a research note on Wednesday, September 27th. They issued a “buy” rating on the stock.

Zealand Pharma A/S (NASDAQ:ZEAL) opened at 18.54 on Friday. The company has a 50-day moving average of $19.16 and a 200-day moving average of $18.86. The company’s market cap is $570.09 million. Zealand Pharma A/S has a 52 week low of $16.07 and a 52 week high of $20.37.

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Zealand Pharma A/S Company Profile

Zealand Pharma A/S, a biotech company, engages in the discovery, design, and development of novel peptide-based medicines in Denmark. The company markets Lixisenatide, a once-daily prandial GLP-1 peptide receptor agonist for the treatment of type 2 diabetes under the Adlyxin and Lyxumia names; and Soliqua 100/33/Suliqua, a combination of lixisenatide and insulin glargine, and a GLP-1 receptor agonist for the treatment of type 2 diabetes.

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