Solid Biosciences (SLDB) Receives $33.67 Average PT from Analysts

Solid Biosciences (NASDAQ:SLDB) has earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $33.67.

Several analysts have recently issued reports on the company. Leerink Swann decreased their price objective on Solid Biosciences from $36.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, April 2nd. JPMorgan Chase lowered Solid Biosciences from a “neutral” rating to an “underweight” rating and set a $28.00 price target on the stock. in a report on Thursday, March 15th. Chardan Capital assumed coverage on Solid Biosciences in a research report on Wednesday, February 21st. They issued a “buy” rating and a $40.00 price objective on the stock. Goldman Sachs assumed coverage on Solid Biosciences in a research report on Tuesday, February 20th. They issued a “neutral” rating and a $31.00 price objective on the stock. Finally, Nomura assumed coverage on Solid Biosciences in a research report on Tuesday, February 20th. They issued a “buy” rating and a $52.00 price objective on the stock.

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In other news, Director Life Sciences Maste Perceptive acquired 1,020,000 shares of Solid Biosciences stock in a transaction dated Tuesday, January 30th. The stock was purchased at an average cost of $16.22 per share, for a total transaction of $16,544,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ:SLDB traded up $0.29 during mid-day trading on Thursday, reaching $10.60. 210,393 shares of the company traded hands, compared to its average volume of 385,093. The company has a market cap of $361.86 and a PE ratio of -3.58. Solid Biosciences has a 52 week low of $6.83 and a 52 week high of $33.74.

Solid Biosciences (NASDAQ:SLDB) last posted its quarterly earnings results on Thursday, March 29th. The company reported ($0.84) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.29). research analysts predict that Solid Biosciences will post -1.92 EPS for the current year.

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About Solid Biosciences

Solid Biosciences Inc, a life science company, engages in identifying and developing various therapies for duchenne muscular dystrophy in the United States. Its lead product candidate includes SGT-001, an adeno-associated viral vector-mediated gene therapy that is in Phase I/II clinical trials to restore functional dystrophin protein expression in patients' muscles.

Analyst Recommendations for Solid Biosciences (NASDAQ:SLDB)

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