Separately, Peel Hunt reaffirmed a buy rating on shares of Motif Bio in a report on Tuesday, July 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of GBX 107.20 ($1.40).
Shares of LON:MTFB traded up GBX 0.51 ($0.01) during trading on Wednesday, reaching GBX 28.51 ($0.37). The company had a trading volume of 381,244 shares, compared to its average volume of 400,302. Motif Bio has a fifty-two week low of GBX 23.50 ($0.31) and a fifty-two week high of GBX 51.75 ($0.68).
Motif Bio plc, a clinical stage biopharmaceutical company, develops and commercializes pharmaceutical formulations in the United States. The company develops novel antibiotics for the treatment of serious and life-threatening infections caused by multi-drug resistant bacteria. Its lead product candidate is iclaprim, a novel antibiotic that is in Phase III clinical trials to treat bacterial infections, such as acute bacterial skin and skin structure infections, and hospital-acquired bacterial pneumonia caused by methicillin-resistant staphylococcus aureus, as well as to treat lung infections caused by Staphylococcus aureus in patients with cystic fibrosis.
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