Jefferies Believes Sangamo Biosciences (NASDAQ: SGMO) Won’t Stop Here

By Jason Carr

Jefferies analyst Eun Yang reiterated a Buy rating on Sangamo Biosciences (NASDAQ: SGMO) on September 12 and set a price target of $18. The company’s shares opened today at $13.25, close to its 52-week high of $15.05.

According to TipRanks.com, Yang is a 4-star analyst with an average return of 5.8% and a 52.0% success rate. Yang covers the Healthcare sector, focusing on stocks such as Advanced Accelerator Applications, DBV Technologies SA – American, and Iovance Biotherapeutics Inc.

Sangamo Biosciences has an analyst consensus of Moderate Buy, with a price target consensus of $13.

The company has a one year high of $15.05 and a one year low of $2.65. Currently, Sangamo Biosciences has an average volume of 1.53M.

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Sangamo Therapeutics, Inc. researches and develops transcription factors in the regulation of genes. It focuses on the research, development and commercialization of engineered DNA-binding proteins for therapeutic genome editing and gene regulation technology platform is enabled by the engineering of a class of transcription factors known as zinc finger DNA-binding proteins. The company was founded by Lanphier O. Edward II on June 22, 1995 and is headquartered in Richmond, CA.