Brokerages Set Celsion Co. (CLSN) Price Target at $14.50

Celsion Co. (NASDAQ:CLSN) has earned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $14.50.

A number of equities research analysts have recently weighed in on CLSN shares. Maxim Group upgraded Celsion from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a report on Wednesday, October 4th. Zacks Investment Research downgraded Celsion from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine downgraded Celsion from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 15th. Finally, Oppenheimer started coverage on Celsion in a report on Tuesday, November 21st. They issued an “outperform” rating and a $9.00 price target for the company.

Shares of Celsion (NASDAQ:CLSN) traded down $0.04 during midday trading on Wednesday, hitting $2.75. The stock had a trading volume of 336,256 shares, compared to its average volume of 575,982. Celsion has a 1-year low of $1.24 and a 1-year high of $8.75. The company has a market cap of $44.81, a P/E ratio of -0.47 and a beta of 1.23.

An institutional investor recently bought a new position in Celsion stock. Sabby Management LLC acquired a new position in shares of Celsion Co. (NASDAQ:CLSN) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 108,843 shares of the biotechnology company’s stock, valued at approximately $223,000. Sabby Management LLC owned about 1.30% of Celsion at the end of the most recent reporting period. 3.97% of the stock is currently owned by institutional investors and hedge funds.

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Celsion Company Profile

Celsion Corporation is an oncology drug development company. The Company’s product candidate is ThermoDox, a heat-activated liposomal encapsulation of doxorubicin, which is in Phase III clinical trial for treatment of primary liver cancer (the OPTIMA Study) and a Phase II clinical trial for treatment of recurrent chest wall breast cancer (the DIGNITY Study).

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