Summit Therapeutics PLC (SMMT) Receiving Favorable News Coverage, Report Finds

Media headlines about Summit Therapeutics PLC (NASDAQ:SMMT) have trended positive this week, Alpha One Sentiment Analysis reports. The research firm, a division of Accern, rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Summit Therapeutics PLC earned a daily sentiment score of 0.31 on Alpha One’s scale. Alpha One also assigned media headlines about the company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.

A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Summit Therapeutics PLC from a “buy” rating to a “hold” rating in a report on Saturday, April 1st. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Summit Therapeutics PLC in a research note on Wednesday, March 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Summit Therapeutics PLC currently has a consensus rating of “Buy” and a consensus target price of $25.00.

Shares of Summit Therapeutics PLC (NASDAQ:SMMT) traded down 2.67% during midday trading on Thursday, reaching $11.32. 9,730 shares of the company’s stock traded hands. Summit Therapeutics PLC has a 52-week low of $5.31 and a 52-week high of $19.75. The company has a 50 day moving average of $12.45 and a 200 day moving average of $11.11. The firm’s market cap is $140.12 million.

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About Summit Therapeutics PLC

Summit Therapeutics plc is a biopharmaceutical company, which is engaged in drug development. The Company is focused on the discovery, development and commercialization of medicines for indications for which there are no existing or only inadequate therapies. It is conducting clinical programs focused on the genetic disease Duchenne muscular dystrophy (DMD) and the infectious disease Clostridium difficile infection (CDI).

5 Day Chart for NASDAQ:SMMT

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