Celyad SA (CYAD) Receives Consensus Recommendation of “Strong Buy” from Analysts

Shares of Celyad SA (NASDAQ:CYAD) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a 12 month consensus target price of $74.00 for the company, according to Zacks. Zacks has also assigned Celyad an industry rank of 192 out of 265 based on the ratings given to its competitors.

Several research analysts have recently weighed in on CYAD shares. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $74.00 target price on shares of Celyad in a research note on Monday, October 9th. ValuEngine downgraded Celyad from a “hold” rating to a “sell” rating in a research note on Friday, December 1st.

An institutional investor recently raised its position in Celyad stock. Victory Capital Management Inc. boosted its position in Celyad SA (NASDAQ:CYAD) by 36.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 443,902 shares of the company’s stock after purchasing an additional 118,590 shares during the quarter. Victory Capital Management Inc. owned about 4.50% of Celyad worth $19,483,000 at the end of the most recent reporting period. Institutional investors own 3.42% of the company’s stock.

Shares of Celyad (NASDAQ CYAD) traded down $2.30 during mid-day trading on Thursday, hitting $44.58. The stock had a trading volume of 5,209 shares, compared to its average volume of 5,896. Celyad has a twelve month low of $19.57 and a twelve month high of $64.75.

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Celyad Company Profile

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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