Precision BioSciences (DTIL) Receives a Buy from William Blair

By Jason Carr

In a report released today, Raju Prasad from William Blair maintained a Buy rating on Precision BioSciences (DTILResearch Report). The company’s shares closed last Monday at $5.59, close to its 52-week low of $4.46.

According to TipRanks.com, Prasad is a 5-star analyst with an average return of 14.9% and a 55.5% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Alexion Pharmaceuticals, and Rocket Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Precision BioSciences with a $17.67 average price target.

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The company has a one-year high of $23.67 and a one-year low of $4.46. Currently, Precision BioSciences has an average volume of 597.4K.

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Precision BioSciences, Inc. is a biotechnology company, which engages in the development of genome editing technologies. It operates through the Therapeutics and Food segments. The Therapeutics segment focuses on the development of products in the field of immuno-oncology and of novel products outside immuno-oncology to treat human diseases. The Food segment applies ARCUS, the company’s propriety genome editing platform, to develop food and nutrition products through collaboration agreements with consumer-facing companies. The company was founded by Derek N. Jantz, Jeff Smith, and Matthew R. Kane in January 2006 and is headquartered in Durham, NC.