Shares of Mereo BioPharma Group plc (NASDAQ:MREO – Get Free Report) have been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $7.40.
MREO has been the subject of several recent analyst reports. Cantor Fitzgerald upgraded Mereo BioPharma Group to a “strong-buy” rating in a report on Sunday, December 8th. Needham & Company LLC reissued a “buy” rating and set a $7.00 target price on shares of Mereo BioPharma Group in a research note on Tuesday, November 12th. Finally, Jefferies Financial Group assumed coverage on shares of Mereo BioPharma Group in a research note on Friday, December 6th. They issued a “buy” rating and a $7.00 price target on the stock.
Get Our Latest Stock Analysis on MREO
Institutional Investors Weigh In On Mereo BioPharma Group
Mereo BioPharma Group Stock Performance
MREO opened at $3.73 on Friday. Mereo BioPharma Group has a 12 month low of $3.17 and a 12 month high of $5.02. The company has a fifty day simple moving average of $4.01 and a 200 day simple moving average of $4.01.
About Mereo BioPharma Group
Mereo BioPharma Group plc, a biopharmaceutical company, develops and commercializes therapeutics for the treatment of oncology and rare diseases in the United Kingdom, the United States, and internationally. It develops Etigilimab (MPH-313), an antibody T-cell immunoreceptor with Ig and ITIM domains, which is in Phase 1b clinical trial for the treatment of tumors.
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