Other equities research analysts also recently issued research reports about the company. Bank of America began coverage on Zai Lab in a report on Friday, July 12th. They issued a “buy” rating and a $43.00 price objective for the company. Macquarie started coverage on Zai Lab in a report on Friday, July 5th. They issued an “outperform” rating and a $36.54 price target for the company. Leerink Swann set a $47.00 price target on Zai Lab and gave the stock a “buy” rating in a report on Monday, July 15th. Zacks Investment Research downgraded Zai Lab from a “buy” rating to a “hold” rating in a report on Saturday, June 15th. Finally, BidaskClub downgraded Zai Lab from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $38.25.
NASDAQ ZLAB opened at $31.49 on Thursday. The firm has a 50-day moving average of $34.77. Zai Lab has a 12 month low of $14.29 and a 12 month high of $36.78.
Zai Lab Company Profile
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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