PTC Therapeutics (PTCT) Gets a Buy Rating from William Blair

In a report released today, Raju Prasad from William Blair maintained a Buy rating on PTC Therapeutics (PTCTResearch Report). The company’s shares closed last Wednesday at $48.97.

According to TipRanks.com, Prasad is a 5-star analyst with an average return of 17.8% and a 58.6% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Alexion Pharmaceuticals, and Rocket Pharmaceuticals.

Currently, the analyst consensus on PTC Therapeutics is a Moderate Buy with an average price target of $60.25.

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The company has a one-year high of $59.89 and a one-year low of $30.79. Currently, PTC Therapeutics has an average volume of 712K.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PTCT in relation to earlier this year.

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PTC Therapeutics, Inc. is a biopharmaceutical company, which engages in the discovery and commercialization of clinically-differentiated medicines. It focuses on the development of new treatments for multiple therapeutic areas, including rare diseases and oncology. The company was founded by Allan Steven Jacobson and Stuart W. Peltz on March 31, 1998 and is headquartered in South Plainfield, NJ.