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Dawson James Maintains a Buy Rating on Anavex Life Sciences (AVXL)

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Dawson James analyst Jason Kolbert maintained a Buy rating on Anavex Life Sciences (AVXLResearch Report) on November 24 and set a price target of $35.00. The company’s shares closed last Tuesday at $16.24.

According to TipRanks.com, Kolbert has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -7.6% and a 35.5% success rate. Kolbert covers the Healthcare sector, focusing on stocks such as Brainstorm Cell Therapeutics, Citius Pharmaceuticals, and Sorrento Therapeutics.

Anavex Life Sciences has an analyst consensus of Strong Buy, with a price target consensus of $39.80, implying a 123.0% upside from current levels. In a report issued on November 29, H.C. Wainwright also reiterated a Buy rating on the stock with a $39.00 price target.

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Anavex Life Sciences’ market cap is currently $1.23B and has a P/E ratio of -30.10.

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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.

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