BTIG Keeps a Buy Rating on Avita Medical (RCEL)

BTIG analyst Ryan Zimmerman maintained a Buy rating on Avita Medical (RCELResearch Report) yesterday and set a price target of $37.00. The company’s shares closed last Thursday at $19.91.

According to TipRanks.com, Zimmerman is a 5-star analyst with an average return of 30.3% and a 60.6% success rate. Zimmerman covers the Healthcare sector, focusing on stocks such as Tactile Systems Technology, Organogenesis Holdings, and Staar Surgical Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Avita Medical with a $32.00 average price target.

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Avita Medical’s market cap is currently $493.4M and has a P/E ratio of 1.20. The company has a Price to Book ratio of 8.36.

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Avita Medical Ltd. engages in the development and distribution of regenerative and respiratory medicine and treatments. It operates through the following segments: Asia Pacific, Europe, and Americas. The Asia Pacific, Europe, and Americas segments involve in the sale of RECELL Devices. The company was founded on December 21, 1992 and is headquartered in Royston, the United Kingdom.