Generation Bio (NASDAQ:GBIO) Coverage Initiated at Cowen

Cowen began coverage on shares of Generation Bio (NASDAQ:GBIO) in a research report report published on Tuesday morning, BenzingaRatingsTable reports. The firm issued an outperform rating on the stock.

Separately, Jefferies Financial Group assumed coverage on Generation Bio in a report on Tuesday. They set a buy rating and a $38.00 price target for the company.

GBIO opened at $19.71 on Tuesday. Generation Bio has a twelve month low of $18.51 and a twelve month high of $24.90.

In other Generation Bio news, insider James E. Flynn purchased 225,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average cost of $19.00 per share, for a total transaction of $4,275,000.00.

Generation Bio Company Profile

Generation Bio Co develops gene therapies for the treatment of genetic diseases. It focuses in the areas of liver, eye, muscle, and brain disorders. Generation Bio Co was formerly known as Torus Therapeutics, Inc and changed its name to Generation Bio Co in November 2017. The company was founded in 2016 and is based in Cambridge, Massachusetts.

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