Genmab A/S (NASDAQ:GMAB) Earns Outperform Rating from Analysts at Royal Bank of Canada

Royal Bank of Canada started coverage on shares of Genmab A/S (NASDAQ:GMAB) in a report issued on Monday, BenzingaRatingsTable reports. The firm issued an outperform rating and a $23.00 target price on the stock.

Separately, Morgan Stanley began coverage on shares of Genmab A/S in a research note on Monday. They set an overweight rating on the stock.

NASDAQ GMAB opened at $19.89 on Monday. Genmab A/S has a one year low of $12.10 and a one year high of $21.45.

An institutional investor recently bought a new position in Genmab A/S stock. Parametric Portfolio Associates LLC acquired a new stake in shares of Genmab A/S (NASDAQ:GMAB) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 375,476 shares of the company’s stock, valued at approximately $6,937,000. Parametric Portfolio Associates LLC owned 0.29% of Genmab A/S as of its most recent SEC filing. Institutional investors and hedge funds own 0.80% of the company’s stock.

Genmab A/S Company Profile

Genmab A/S, a biotechnology company, develops antibody therapeutics for the treatment of cancer primarily in Denmark. The company markets DARZALEX, a human IgG1k monoclonal antibody for the treatment of patients with multiple myeloma (MM); and Arzerra, a human IgG1k monoclonal antibody for the treatment of chronic lymphocytic leukemia (CLL).

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