Albireo Pharma (ALBO) Received its Third Buy in a Row

After Cowen & Co. and Robert W. Baird gave Albireo Pharma (NASDAQ: ALBO) a Buy rating last month, the company received another Buy, this time from Wedbush. Analyst Liana Moussatos reiterated a Buy rating on Albireo Pharma today and set a price target of $73.00. The company’s shares closed last Thursday at $32.69.

According to TipRanks.com, Moussatos is a 4-star analyst with an average return of 7.6% and a 41.7% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Eiger Biopharmaceuticals, and Lexicon Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Albireo Pharma with a $73.57 average price target.

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Albireo Pharma’s market cap is currently $620M and has a P/E ratio of -4.70. The company has a Price to Book ratio of 4.72.

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Albireo Pharma, Inc. is a pharmaceutical company, which engages in the development and commercialization of bile acid modulators for the treatment of orphan pediatric liver diseases and gastrointestinal disorders. Its product pipeline includes A4250, Elobixibat, and A3384. The company was founded by Jan Peter Mattsson and Per-Göran Gillberg on December 8, 2003 and is headquartered in Boston, MA.