Cowen & Co. Remains a Buy on Nucana Plc (NCNA)

By Ryan Adsit

In a report released today, Boris Peaker from Cowen & Co. maintained a Buy rating on Nucana Plc (NCNAResearch Report). The company’s shares closed last Monday at $7.60.

According to TipRanks.com, Peaker is ranked 0 out of 5 stars with an average return of -2.3% and a 38.2% success rate. Peaker covers the Healthcare sector, focusing on stocks such as Iovance Biotherapeutics Inc, Stemline Therapeutics Inc, and Mersana Therapeutics Inc.

Currently, the analyst consensus on Nucana Plc is a Strong Buy with an average price target of $23.33.

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Based on Nucana Plc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $5.75 million. In comparison, last year the company had a GAAP net loss of $3.28 million.

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NuCana Plc engages in the development of technology platform for the treatment of patients with cancer. Its Protide technology is consists of acelarin, NUC-3373, and NUC-7738. The company was founded by Hugh S. Griffith and Christopher B. Wood on January 28, 1997 and is headquartered in Edinburgh, the United Kingdom.