Barclays Thinks Cellectis SA’s Stock is Going to Recover


In a report issued on March 11, Ross L Smotrich from Barclays maintained a Buy rating on Cellectis SA (CLLS), with a price target of $50. The company’s shares closed yesterday at $18.71, close to its 52-week low of $15.34.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.2% and a 67.0% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Pennsylvania Real Estate Investment, and Apartment Investment & Management.

Cellectis SA has an analyst consensus of Moderate Buy, with a price target consensus of $35.25, an 88.4% upside from current levels. In a report released yesterday, Oppenheimer also assigned a Buy rating to the stock with a $44 price target.

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Based on Cellectis SA’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $22.84 million. In comparison, last year the company had a GAAP net loss of $28.51 million.

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Cellectis SA is a biopharmaceutical company, which engages in the research and development of genome engineering technology. The company operates through the following business segments: Therapeutics and Plants.

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