Chardan Capital Upgrades Arbutus Biopharma Corp to Neutral with Price Target $3.25

Brokerage firm Chardan Capital Upgrades its rating on Arbutus Biopharma Corp(NASDAQ:ABUS). In a research note issued to the investors, the brokerage major Maintains the price-target to $3.25 per share. The shares have been rated Neutral. Previously, the analysts had a Sell rating on the shares. The rating by Chardan Capital was issued on Jun 16, 2016.

In a different note, Chardan Capital said it Initiates Coverage on Arbutus Biopharma Corp, according to a research note issued on May 16, 2016. The shares have been rated ‘Sell’ by the firm.

Arbutus Biopharma Corp(ABUS) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $600.00K. Analysts had an estimated revenue of $1.38M. Earnings per share were $-0.19. Analysts had estimated an EPS of $-0.39.

Several Insider Transactions has been reported to the SEC. On Aug 26, 2015, Richard C Jr Henriques (director) purchased 1,000 shares at $6.95 per share price.

Arbutus Biopharma Corp formerly Tekmira Pharmaceuticals Corporation is a Canada-based biopharmaceutical company focused on discovering developing and commercializing a cure for patients suffering from chronic hepatitis B infection a disease of the liver caused by hepatitis B virus (HBV). The Company seeks to effect a cure by targeting the three pillars necessary to develop a curative regimen for HBV. This includes suppressing HBV replication within liver cells stimulating and reactivating the body’s immune system so that it can mount an effective defense against the virus and eliminating the reservoir of viral genomic material known as covalently closed circular DNA or cccDNA that is the source of HBV persistence.

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