Orchard Therapeutics PLC (ORTX) Initiated with a Buy at Cowen & Co.

By Jason Carr

In a report issued on September 13, Yaron Werber from Cowen & Co. initiated coverage with a Buy rating on Orchard Therapeutics PLC (ORTXResearch Report) and a price target of $27. The company’s shares closed last Monday at $15.03.

According to TipRanks.com, Werber is a 4-star analyst with an average return of 9.8% and a 59.5% success rate. Werber covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Inc., Rocket Pharmaceuticals Inc, and Prevail Therapeutics Inc.

Currently, the analyst consensus on Orchard Therapeutics PLC is a Strong Buy with an average price target of $24.67, a 72.9% upside from current levels. In a report issued on August 29, Oppenheimer also initiated coverage with a Buy rating on the stock with a $26 price target.

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The company has a one-year high of $21.64 and a one-year low of $8.65. Currently, Orchard Therapeutics PLC has an average volume of 197.1K.

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Orchard Therapeutics Plc is a biopharmaceutical company, which engages in the discovery, acquisition, development, and commercialization of gene therapies. The company focuses on its autologous ex vivo gene therapy approach on three therapeutic rare disease franchise areas: primary immune deficiencies, neurometabolic disorders, and hemoglobinopathies.