Solid Biosciences (NASDAQ:SLDB - Get Free Report) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $12.00 to $11.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 113.59% from the company's previous close.
Several other equities research analysts also recently weighed in on SLDB. HC Wainwright raised their price objective on Solid Biosciences from $16.00 to $20.00 and gave the company a "buy" rating in a report on Monday. JMP Securities initiated coverage on Solid Biosciences in a research note on Tuesday, December 10th. They set an "outperform" rating and a $15.00 price target on the stock. Chardan Capital reiterated a "buy" rating and issued a $16.00 price objective on shares of Solid Biosciences in a report on Friday, March 7th. Citizens Jmp upgraded shares of Solid Biosciences to a "strong-buy" rating in a research report on Tuesday, December 10th. Finally, Wedbush began coverage on shares of Solid Biosciences in a research report on Friday, December 13th. They issued an "outperform" rating and a $16.00 price target for the company. Nine equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, Solid Biosciences has an average rating of "Buy" and an average target price of $15.70.
Get Our Latest Research Report on SLDB
Solid Biosciences Stock Performance
Shares of Solid Biosciences stock traded down $0.58 during midday trading on Thursday, hitting $5.15. 1,021,997 shares of the company traded hands, compared to its average volume of 2,797,302. The stock has a market cap of $393.04 million, a price-to-earnings ratio of -1.69 and a beta of 1.98. The firm's fifty day moving average price is $4.15 and its 200-day moving average price is $5.47. Solid Biosciences has a 12 month low of $2.88 and a 12 month high of $15.05.
Institutional Investors Weigh In On Solid Biosciences
Institutional investors and hedge funds have recently made changes to their positions in the business. China Universal Asset Management Co. Ltd. bought a new position in Solid Biosciences during the fourth quarter worth $34,000. Corton Capital Inc. bought a new position in shares of Solid Biosciences during the 4th quarter worth about $41,000. Invesco Ltd. bought a new position in shares of Solid Biosciences during the 4th quarter worth about $49,000. Sei Investments Co. acquired a new stake in shares of Solid Biosciences in the 4th quarter valued at about $52,000. Finally, Wells Fargo & Company MN increased its position in Solid Biosciences by 29.4% in the 4th quarter. Wells Fargo & Company MN now owns 13,138 shares of the company's stock valued at $53,000 after buying an additional 2,986 shares in the last quarter. Institutional investors own 81.46% of the company's stock.
Solid Biosciences Company Profile
(
Get Free Report)
Solid Biosciences Inc, a life science company, develops therapies for neuromuscular and cardiac diseases in the United States. The company's lead product candidate is SGT-003, a gene transfer candidate for the treatment of Duchenne muscular dystrophy; and SGT-501 to treat Catecholaminergic polymorphic ventricular tachycardia.
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