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Price
Target price
€3.55

€3.55

-1.960%
-0.07
-1.960%
€5.50
 
18.07.24 / Tradegate WKN: A2PEYJ / Name: Mereo Biopharma Group Ltd. / Stock / ? /
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Mereo Biopharma Group Ltd. Stock

We can see a decrease in the price for Mereo Biopharma Group Ltd.. Compared to yesterday it has lost -€0.070 (-1.960%).
Currently there is a rather positive sentiment for Mereo Biopharma Group Ltd. with 4 Buy predictions and 0 Sell predictions.
With a target price of 5 € there is a positive potential of 40.85% for Mereo Biopharma Group Ltd. compared to the current price of 3.55 €.
So far the community has only identified positive things for Mereo Biopharma Group Ltd. stock. The most positive votes were given for criterium "Worthwhile Investment for the next years".

Pros and Cons of Mereo Biopharma Group Ltd. in the next few years

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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.
Last updated at 2023-04-15

Mereo Biopharma Group Ltd., a biopharmaceutical company, appears to have experienced significant financial fluctuations over the past few years. At first glance, it seems that the company has faced challenges in generating consistent revenues and maintaining a stable cash position. However, a closer examination of Mereo's financial statements may provide more insights into its financial strengths and weaknesses.

Improving Total Assets: Mereo Biopharma's total assets increased from £62.9 million in 2020 to £88 million in 2022, demonstrating growth in the company's overall resources.

Solid Cash Position: The company has maintained a relatively strong cash position over the past few years. As of 2022-12-31, Mereo Biopharma had £56.3 million in cash, which can help fuel its research activities and support ongoing operations.

Comments

Buy Mereo Biopharma Group Ltd.
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