In a report issued on June 15, Jason Kolbert from Dawson James maintained a Buy rating on Anavex Life Sciences (AVXL – Research Report), with a price target of $19.00. The company’s shares closed last Friday at $8.47, close to its 52-week low of $7.13.
According to TipRanks.com, Kolbert is ranked 0 out of 5 stars with an average return of -3.6% and a 34.5% success rate. Kolbert covers the Healthcare sector, focusing on stocks such as Brainstorm Cell Therapeutics, Lineage Cell Therapeutics, and Citius Pharmaceuticals.
Currently, the analyst consensus on Anavex Life Sciences is a Strong Buy with an average price target of $34.00.
Anavex Life Sciences’ market cap is currently $655.7M and has a P/E ratio of -14.64.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is neutral on the stock.
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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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