H.C. Wainwright analyst Ram Selvaraju reiterated a Buy rating on Anavex Life Sciences (AVXL) today and set a price target of $14.00. The company’s shares closed last Friday at $4.91.
According to TipRanks.com, Selvaraju is a 5-star analyst with an average return of 16.4% and a 50.0% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Biospecifics Technologies, Protalix Biotherapeutics, and Springworks Therapeutics.
Currently, the analyst consensus on Anavex Life Sciences is a Strong Buy with an average price target of $14.00.
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The company has a one-year high of $7.69 and a one-year low of $2.20. Currently, Anavex Life Sciences has an average volume of 1.07M.
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Anavex Life Sciences Corp. is a clinical stage biopharmaceutical company, which engages in the development of different therapeutics for the treatment of neurodegenerative and neurodevelopmental diseases. Its lead compound, ANAVEX2-73, is being developed to treat Alzheimer’s and Parkinson’s disease and central nervous system diseases, including Rett syndrome. The company was founded by Harvey Lalach and Athanasios Skarpelos on January 23, 2004 and is headquartered in New York, NY.
