Sangamo Biosciences (SGMO) Gets a Hold Rating from Wedbush

By Jason Carr

In a report released today, Liana Moussatos from Wedbush reiterated a Hold rating on Sangamo Biosciences (SGMOResearch Report), with a price target of $11.00. The company’s shares closed last Monday at $9.75.

According to TipRanks.com, Moussatos has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.4% and a 33.8% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as Catabasis Pharmaceuticals, Global Blood Therapeutics, and Eiger Biopharmaceuticals.

Currently, the analyst consensus on Sangamo Biosciences is a Moderate Buy with an average price target of $13.50.

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The company has a one-year high of $13.91 and a one-year low of $6.26. Currently, Sangamo Biosciences has an average volume of 1.13M.

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Sangamo Therapeutics, Inc. engages in researching and developing 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 Edward O. Lanphier II in 1995 and is headquartered in Richmond, CA.