Provention Bio (PRVB) Gets a Buy Rating from RBC Capital

In a report issued on November 5, Gregory Renza from RBC Capital maintained a Buy rating on Provention Bio (PRVBResearch Report), with a price target of $25.00. The company’s shares closed last Tuesday at $13.46.

According to TipRanks.com, Renza is a 4-star analyst with an average return of 23.7% and a 49.2% success rate. Renza covers the Healthcare sector, focusing on stocks such as Inovio Pharmaceuticals, ACADIA Pharmaceuticals, and Aprea Therapeutics.

Provention Bio has an analyst consensus of Strong Buy, with a price target consensus of $28.75, which is an 110.0% upside from current levels. In a report issued on November 2, Chardan Capital also reiterated a Buy rating on the stock with a $35.00 price target.

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The company has a one-year high of $18.50 and a one-year low of $4.72. Currently, Provention Bio has an average volume of 561.1K.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PRVB in relation to earlier this year.

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Provention Bio, Inc. is a clinical-stage biopharmaceutical company, which engages in the development and commercialization of novel therapeutics and solutions. Its products include PRV-031 for the interception of type 1 diabetes (T1D); PRV-015 for the treatment of gluten-free diet non-responding celiac disease; PRV-6527 for Crohn’s disease; PRV-300 for ulcerative colitis; PRV-3279 for the treatment of lupus; and PRV-101 for the prevention of acute coxsackie virus B (CVB), and the prevention of T1D onset. The company was founded by Francisco Leon and Ashleigh Palmer on October 4, 2016 and is headquartered in Lebanon, NJ.