Maxim Group Reaffirms Their Buy Rating on Oncolytics Biotech (ONCY)

Maxim Group analyst Jason McCarthy maintained a Buy rating on Oncolytics Biotech (ONCYResearch Report) yesterday and set a price target of $3.00. The company’s shares opened today at $1.42.

McCarthy covers the Healthcare sector, focusing on stocks such as Immutep, Daré Bioscience, and SELLAS Life Sciences Group. According to TipRanks, McCarthy has an average return of -37.8% and a 14.69% success rate on recommended stocks.

Currently, the analyst consensus on Oncolytics Biotech is a Moderate Buy with an average price target of $3.73, which is a 162.68% upside from current levels. In a report released on November 7, RBC Capital also maintained a Buy rating on the stock with a C$6.00 price target.

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The company has a one-year high of $2.08 and a one-year low of $0.80. Currently, Oncolytics Biotech has an average volume of 112.4K.

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Oncolytics Biotech, Inc. engages in the development of immuno-oncolytic virus for the treatment of solid tumors and hematological malignancies. It offers a non-pathogenic, properietary isolate of the reovirus that induce selective tumor lysis, and promotes an inflamed tumor phenotype through innate and adaptive immune responses. The company was founded by Matthew C. Coffey and Bradley George Thompson on April 2, 1998 and is headquartered in Calgary, Canada.

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