Global Blood Therapeutics – Consensus Indicates Potential 135.3% Upside

Broker Ratings

Global Blood Therapeutics with ticker code (GBT) have now 20 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 138 and 30 calculating the mean target price we have 72.25. Now with the previous closing price of 30.71 this is indicating there is a potential upside of 135.3%. The 50 day moving average now sits at 28.1 and the 200 day MA is 33.67. The company has a market cap of $1,892m. Find out more information at: http://www.gbt.com

Global Blood Therapeutics, a biopharmaceutical company, engages in the discovery, development, and delivery of treatments for underserved patient communities. The company offers Oxbryta tablets, an oral, once-daily therapy for sickle cell disease (SCD). It is evaluating the safety and pharmacokinetics of single and multiple doses of Oxbryta in a Phase 2a clinical trial of adolescent and pediatric patients with SCD. In addition, the company is developing inclacumab, a novel human monoclonal antibody to treat vaso-occlusive crises; and GBT601, a hemoglobin polymerization inhibitor. It has a license and collaboration agreement with Syros Pharmaceuticals to discover, develop, and commercialize therapies for SCD) and beta thalassemia. The company was founded in 2011 and is headquartered in South San Francisco, California.

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