Avita Medical (RCEL) Receives a Buy from Oppenheimer

In a report released today, Kevin DeGeeter from Oppenheimer assigned a Buy rating to Avita Medical (RCEL), with a price target of $45.00. The company’s shares closed last Wednesday at $22.77.

According to TipRanks.com, DeGeeter is a 5-star analyst with an average return of 24.0% and a 47.8% success rate. DeGeeter covers the Healthcare sector, focusing on stocks such as Interpace Diagnostics Group, Rocket Pharmaceuticals, and Ionis Pharmaceuticals.

Avita Medical has an analyst consensus of Moderate Buy, with a price target consensus of $43.00, which is an 89.3% upside from current levels. In a report released today, BTIG also maintained a Buy rating on the stock with a $41.00 price target.

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The company has a one-year high of $30.78 and a one-year low of $20.73. Currently, Avita Medical has an average volume of 89.57K.

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Avita Medical Ltd. engages in the development and distribution of regenerative and respiratory medicine and treatments. It operates through the following segments: Asia Pacific, Europe, and Americas. The Asia Pacific, Europe, and Americas segments involve in the sale of RECELL Devices. The company was founded on December 21, 1992 and is headquartered in Royston, the United Kingdom.

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