William Blair Thinks Celyad’s Stock is Going to Recover
In a report released today, Raju Prasad from William Blair maintained a Buy rating on Celyad (CYAD). The company’s shares closed last Friday at $5.72, close to its 52-week low of $5.25.
According to TipRanks.com, Prasad is a 4-star analyst with an average return of 14.5% and a 52.3% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Alexion Pharmaceuticals, and Rocket Pharmaceuticals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Celyad with a $17.00 average price target.
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The company has a one-year high of $12.44 and a one-year low of $5.25. Currently, Celyad has an average volume of 49.21K.
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Celyad SA is a clinical-stage biopharmaceutical company, which engages in the development of cell-based therapies for the treatment of cancer. It operates through the following segments: Cardiology, Immuno-oncology, and Corporate. The Cardiology segment includes the company’s Cardiopoiesis, Corquest, and C-Cathez platforms. The Immuno-oncology segment consists of all assets developed based on the CAR-T cell platform. The company was founded by Michel Lussier, William Wijns, and Christian Homsy on July 24, 2007 and is headquartered in Mont-Saint-Guibert, Belgium.