Zacks: Analysts Set $74.00 Price Target for Celyad SA (CYAD)

Shares of Celyad SA (NASDAQ:CYAD) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price target of $74.00 for the company, according to Zacks. Zacks has also given Celyad an industry rank of 101 out of 265 based on the ratings given to related companies.

Separately, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $49.00 target price (up from $35.00) on shares of Celyad in a research report on Friday, September 1st.

Celyad (NASDAQ:CYAD) traded down $0.20 during trading hours on Tuesday, hitting $44.45. 303 shares of the stock traded hands, compared to its average volume of 2,756. Celyad has a 12-month low of $16.73 and a 12-month high of $64.75.

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About Celyad

Celyad SA, formerly Cardio3 Biosciences SA is a Belgium-based drug developing company. The Company develops stem cell-based therapies for cardiovascular disease. The Company focuses on developing regenerative therapies to treat illnesses where cardiac tissue is lost due to chronic or acute injury. The Company’s product, C-Cure, allows the differentiation of a patient’s own cells into cardiopoeitic cells which grow into new heart cells and repair heart muscle.

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