Zacks: Celyad SA (CYAD) Given Consensus Rating of “Strong Buy” by Analysts
Shares of Celyad SA (NASDAQ:CYAD) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a 1-year consensus target price of $49.00 for the company, according to Zacks. Zacks has also assigned Celyad SA an industry rank of 153 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently commented on CYAD shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $49.00 price target (up previously from $35.00) on shares of Celyad SA in a research note on Friday, September 1st. BidaskClub lowered Celyad SA from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, ValuEngine raised Celyad SA from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th.
Shares of Celyad SA (CYAD) traded down 0.88% during mid-day trading on Tuesday, reaching $61.92. The company had a trading volume of 1,400 shares. The stock’s 50-day moving average price is $56.66 and its 200 day moving average price is $56.66. The company’s market capitalization is $589.79 million. Celyad SA has a 1-year low of $16.31 and a 1-year high of $64.75.
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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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