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BTIG Thinks Delcath Systems’ Stock is Going to Recover

In a report released today, Marie Thibault from BTIG reiterated a Buy rating on Delcath Systems (DCTHResearch Report), with a price target of $20.00. The company’s shares closed last Monday at $3.89, close to its 52-week low of $3.49.

According to TipRanks.com, Thibault is a 4-star analyst with an average return of 6.5% and a 31.5% success rate. Thibault covers the Healthcare sector, focusing on stocks such as Establishment Labs Holdings, Edwards Lifesciences, and Irhythm Technologies.

Delcath Systems has an analyst consensus of Moderate Buy, with a price target consensus of $18.00.

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The company has a one-year high of $11.95 and a one-year low of $3.49. Currently, Delcath Systems has an average volume of 27.41K.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DCTH in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Delcath Systems, Inc. is an oncology company, which focuses on the treatment of primary and metastatic liver cancers. It develops and commercializes CHEMOSAT and Melphalan Hydrochloride for Injection, which is a proprietary product used with the Delcath Hepatic Delivery System. The company was founded in August 1988 and is headquartered in New York, NY.

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