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Do Analysts Expect MeiraGTx Holdings PLC (MGTX) Stock to Rise?

Wednesday, September 16, 2020 11:17 AM | InvestorsObserver Analysts

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Do Analysts Expect MeiraGTx Holdings PLC (MGTX) Stock to Rise?

Analysts who follow MeiraGTx Holdings PLC (MGTX) on average expect it to gain 201.85% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.

That average rating earns the stock an Analyst Ranking of 80, which means it ranks higher than 80 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 5
Wall Street analysts are rating MGTX a Strong Buy today. Find out what this means to you and get the rest of the rankings on MGTX!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With MeiraGTx Holdings PLC Stock Today?

MeiraGTx Holdings PLC (MGTX) stock is trading at $14.08 as of 11:06 AM on Wednesday, Sep 16, a gain of $0.96, or 7.32% from the previous closing price of $13.12. Volume today is above average. So far 1,077,812 shares have traded compared to average volume of 70,240 shares. The stock has traded between $13.26 and $14.77 so far today.

Click Here to get the full report on MeiraGTx Holdings PLC (MGTX) Stock.

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