Genfit (NASDAQ:GNFT) Lifted to Buy at Zacks Investment Research
December 26, 2021 ETF Daily News Team
Genfit SA
Zacks Investment Research upgraded shares of Genfit (NASDAQ:GNFT) from a hold rating to a buy rating in a research note published on Thursday morning, Zacks.com reports. They currently have $6.25 price objective on the stock.
According to Zacks, “Genfit SA is a biopharmaceutical company. It focuses on the discovery and development of therapeutic and diagnostic solutions in metabolic and liver related diseases. The company’s lead products include Elafibranor, Nitazoxanide and TGFTX1 which are in clinical stage. Genfit SA is based in Loos, France. “
Several other research analysts have also recently weighed in on the company. Oddo Bhf raised Genfit to a buy rating in a research report on Friday, December 17th. HC Wainwright raised Genfit from a neutral rating to a buy rating and set a $8.00 price target on the stock in a research report on Monday, December 20th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Genfit presently has a consensus rating of Buy and a consensus target price of $9.75.
GNFT stock opened at $5.40 on Thursday. The stock’s fifty day simple moving average is $3.66 and its two-hundred day simple moving average is $3.77. The company has a debt-to-equity ratio of 2.09, a current ratio of 3.92 and a quick ratio of 3.92. Genfit has a 1-year low of $3.01 and a 1-year high of $7.19.
Several large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC raised its stake in shares of Genfit by 7.9% during the 2nd quarter. Millennium Management LLC now owns 339,525 shares of the company’s stock valued at $1,311,000 after purchasing an additional 24,947 shares during the period. Morgan Stanley increased its stake in Genfit by 76.7% in the 1st quarter. Morgan Stanley now owns 64,071 shares of the company’s stock worth $296,000 after acquiring an additional 27,818 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new position in Genfit in the 3rd quarter worth about $213,000. Institutional investors own 1.38% of the company’s stock.
About Genfit
Genfit SA is a biopharmaceutical company involved in drug discovery and development for the early diagnosis, prevention and treatment of cardiometabolic diseases. The company focuses on the discovery and development of drug candidates in areas of high unmet medical needs corresponding to a lack of suitable treatments.