Ergomed (LON:ERGO) Earns “Buy” Rating from Numis Securities

Numis Securities restated their buy rating on shares of Ergomed (LON:ERGO) in a research note issued to investors on Thursday, January 25th. Numis Securities currently has a GBX 300 ($4.14) price objective on the stock.

Separately, N+1 Singer reiterated a corporate rating on shares of Ergomed in a report on Friday, December 15th.

Ergomed (LON ERGO) traded up GBX 3 ($0.04) during midday trading on Thursday, reaching GBX 200 ($2.76). The company had a trading volume of 4,883 shares, compared to its average volume of 54,893. Ergomed has a fifty-two week low of GBX 165 ($2.28) and a fifty-two week high of GBX 225 ($3.11). The firm has a market capitalization of $84.66 and a PE ratio of 20,000.00.

In other news, insider Peter George bought 500,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was acquired at an average cost of GBX 190 ($2.63) per share, with a total value of £950,000 ($1,312,517.27).

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Ergomed Company Profile

Ergomed plc is a provider of drug development services to the pharmaceutical industry. The Company operates through two segments: clinical research services (CRS), and drug safety and medical information services (DS&MI). It provides a range of clinical trial planning, management and monitoring services.

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