MagForce AG (MGFRF) Receives a Buy from Berenberg Bank

Berenberg Bank analyst Tom Jones maintained a Buy rating on MagForce AG (MGFRFResearch Report) on September 9 and set a price target of $12.45. The company’s shares closed last Monday at $5.20, close to its 52-week low of $5.08.

According to TipRanks.com, Jones is ranked #4954 out of 5546 analysts.

MagForce AG has an analyst consensus of Moderate Buy, with a price target consensus of $11.16.

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MagForce AG’s market cap is currently $143.7M and has a P/E ratio of 26.08. The company has a Price to Book ratio of 6.63.

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MagForce AG engages in the development and distribution of a nano technology based cancer therapy. Its therapy, named Nanotherm, includes a liquid containing ironoxide nanoparticles, that interact with an alternating magnetic field to destroy cancer cells, as well as an application, in which the progress of the therapy can be planned and documented.