Shares of Zai Lab Ltd (NASDAQ:ZLAB) hit a new 52-week high on Thursday . The stock traded as high as $35.44 and last traded at $35.32, with a volume of 1854 shares traded. The stock had previously closed at $34.69.
Several analysts recently weighed in on the company. BidaskClub upgraded Zai Lab from a “hold” rating to a “buy” rating in a research report on Thursday, March 21st. Zacks Investment Research downgraded Zai Lab from a “hold” rating to a “sell” rating in a research report on Saturday, April 20th. Finally, Leerink Swann set a $46.00 price objective on Zai Lab and gave the stock a “buy” rating in a research report on Tuesday, June 11th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $36.90.
The firm has a 50-day simple moving average of $29.22.
Zai Lab Company Profile (NASDAQ:ZLAB)
Zai Lab Limited, a biopharmaceutical company, engages in discovering or licensing, developing, and commercializing proprietary therapeutics that address medical needs in the fields of oncology, and autoimmune and infectious disease therapies in the People's Republic of China. Its drug candidates include ZL-2306, a poly ADP ribose polymerase 1/2 inhibitor, which is in Phase III clinical trial for the treatment of ovarian, lung, and breast cancers; ZL-2401, an antibiotic that is in Phase III clinical trial to treat ABSSSI, CABP, and UTI; FPA144, a humanized monoclonal antibody, which is in Phase I/III clinical trial to treat gastric and gastroesophageal cancer; ETX2514, a novel ß-lactamase inhibitor that is in Phase II cUTI trial for the treatment of acinetobacter baumannii; and ZL-2301, which is in Phase III clinical trial to treat HCC.
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