Analysts Set $49.00 Price Target for Celyad SA (CYAD)
Shares of Celyad SA (NASDAQ:CYAD) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating. Celyad SA’s rating score has improved by 50% from three months ago as a result of a number of analysts’ ratings changes.
Brokers have set a one year consensus target price of $49.00 for the company, according to Zacks. Zacks has also given Celyad SA an industry rank of 104 out of 265 based on the ratings given to related companies.
A number of equities analysts have commented on CYAD shares. BidaskClub lowered Celyad SA from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine raised Celyad SA from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $49.00 price objective (up previously from $35.00) on shares of Celyad SA in a research note on Friday, September 1st.
A hedge fund recently raised its stake in Celyad SA stock. Victory Capital Management Inc. grew its holdings in Celyad SA (NASDAQ:CYAD) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 374,493 shares of the company’s stock after purchasing an additional 22,600 shares during the quarter. Victory Capital Management Inc. owned about 3.93% of Celyad SA worth $9,988,000 as of its most recent filing with the SEC. 4.06% of the stock is owned by institutional investors and hedge funds.
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Celyad SA (NASDAQ:CYAD) opened at 52.26 on Friday. The firm’s market capitalization is $495.58 million. Celyad SA has a one year low of $16.31 and a one year high of $52.50. The stock’s 50 day moving average price is $41.36 and its 200-day moving average price is $35.97.
About Celyad SA
Celyad SA, formerly Cardio3 Biosciences SA is a Belgium-based drug developing company. The Company develops stem cell-based therapies for cardiovascular disease. The Company focuses on developing regenerative therapies to treat illnesses where cardiac tissue is lost due to chronic or acute injury. The Company’s product, C-Cure, allows the differentiation of a patient’s own cells into cardiopoeitic cells which grow into new heart cells and repair heart muscle.
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