Abcam (ABC) Sets New 52-Week High at $1,318.00

Abcam (LON:ABC) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,318 ($18.87) and last traded at GBX 1,310 ($18.76), with a volume of 582152 shares traded. The stock had previously closed at GBX 1,286 ($18.41).

A number of research analysts have issued reports on the company. Peel Hunt reiterated a “hold” rating on shares of Abcam in a research report on Wednesday, April 4th. JPMorgan Chase boosted their price target on Abcam from GBX 946 ($13.55) to GBX 1,011 ($14.48) and gave the stock a “neutral” rating in a research report on Thursday, March 15th. Berenberg Bank lowered Abcam to a “hold” rating and cut their price objective for the company from GBX 1,240 ($17.75) to GBX 1,230 ($17.61) in a report on Monday, March 5th. Finally, Numis Securities upgraded Abcam to a “buy” rating and set a GBX 1,200 ($17.18) price objective for the company in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 1,018.50 ($14.58).

The business also recently announced a dividend, which was paid on Thursday, April 12th. Stockholders of record on Thursday, March 15th were issued a dividend of GBX 3.42 ($0.05) per share. This represents a dividend yield of 0.28%. The ex-dividend date was Thursday, March 15th.

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About Abcam

Abcam plc, together with its subsidiaries, produces and distributes research-grade antibodies and associated protein research tools worldwide. The company primarily offers primary and secondary antibodies, biochemicals, isotype controls, flow cytometry multi-color selectors, kits, loading controls, lysates, peptides, proteins, slides, tags and cell markers, and tools and reagents.

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