Genmab A/S (OTCMKTS:GNMSF) Raised to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of Genmab A/S (OTCMKTS:GNMSF) from a hold rating to a buy rating in a research note published on Wednesday, Zacks.com reports. Zacks Investment Research currently has $202.00 price target on the stock.

According to Zacks, “Genmab A/S is a biotechnology company that creates and develops human antibodies for the treatment of life-threatening and debilitating diseases. Genmab has numerous products in development to treat cancer, infectious disease, rheumatoid arthritis and other inflammatory conditions, and intends to continue assembling a broad portfolio of new therapeutic products. In addition, Genmab has developed UniBody, a new proprietary technology that creates a stable, smaller antibody format. Genmab has operations in Europe and the US. “

Shares of GNMSF opened at $184.73 on Wednesday. The business has a 50-day moving average price of $177.69. Genmab A/S has a fifty-two week low of $119.10 and a fifty-two week high of $186.30. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 55.40 and a beta of 0.16.

About Genmab A/S

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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