BMO Capital Maintains Outperform Rating for Structure Therapeutics: Here's What You Need To Know

BMO Capital has decided to maintain its Outperform rating of Structure Therapeutics GPCR and raise its price target from $40.00 to $83.00.

Shares of Structure Therapeutics are trading up 2.28% over the last 24 hours, at $57.89 per share.

A move to $83.00 would account for a 43.38% increase from the current share price.

About Structure Therapeutics

Structure Therapeutics Inc is a clinical-stage global biopharmaceutical company aiming to develop and deliver novel oral therapeutics to treat a wide range of chronic diseases with unmet medical needs. Its lead product candidate is GSBR-1290, an oral and biased small molecule agonist of glucagon-like-peptide-1 receptor, a validated G-protein-coupled receptors (GPCRs) drug target for type-2 diabetes mellitus and obesity. The company is also developing oral small-molecule therapeutics targeting other GPCRs for the treatment of pulmonary and cardiovascular diseases, including ANPA-0073 and LTSE-2578.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.