BTIG Reaffirms Their Buy Rating on Avita Medical (RCEL)

By Ryan Adsit

In a report released yesterday, 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 Friday at $5.49.

According to, Zimmerman is a 4-star analyst with an average return of 3.8% and a 44.5% success rate. Zimmerman covers the Healthcare sector, focusing on stocks such as Tactile Systems Technology, Staar Surgical Company, and Zimmer Biomet Holdings.

Currently, the analyst consensus on Avita Medical is a Moderate Buy with an average price target of $11.00.

See today’s analyst top recommended stocks >>

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 599.9K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.