BTIG Keeps Their Buy Rating on Avita Medical (RCEL)

In a report released today, Ryan Zimmerman from BTIG maintained a Buy rating on Avita Medical (RCELResearch Report), with a price target of $8.00. The company’s shares closed last Tuesday at $6.02.

According to TipRanks.com, Zimmerman is a 5-star analyst with an average return of 12.4% and a 57.1% success rate. Zimmerman covers the Healthcare sector, focusing on stocks such as Tactile Systems Technology, Staar Surgical Company, and Zimmer Biomet Holdings.

Avita Medical has an analyst consensus of Strong Buy, with a price target consensus of $9.67.

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The company has a one-year high of $11.07 and a one-year low of $4.00. Currently, Avita Medical has an average volume of 546.1K.

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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.