In a report released yesterday, Jason McCarthy from Maxim Group maintained a Buy rating on Lineage Cell Therapeutics (LCTX – Research Report), with a price target of $5.00. The company’s shares opened today at $1.35.
According to TipRanks, McCarthy is an analyst with an average return of -39.6% and a 12.88% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as Lineage Cell Therapeutics, SELLAS Life Sciences Group, and Oncolytics Biotech.
Currently, the analyst consensus on Lineage Cell Therapeutics is a Strong Buy with an average price target of $5.40.
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LCTX market cap is currently $226.1M and has a P/E ratio of -4.61.
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Lineage Cell Therapeutics, Inc. operates as a clinical-stage biotechnology company developing new cellular therapies for degenerative retinal diseases, neurological conditions associated with demyelination, and aiding the body in detecting and combating cancer. The company’s programs are based on two core proprietary technology platforms: cell replacement and cell and drug delivery. Its cell replacement platform creates new cells and tissues with its pluripotent and progenitor cell technologies. The company’s cell and drug delivery programs are based upon its proprietary HyStem cell and drug delivery matrix technology. It engages in the research and development of regenerative medicine or therapeutic products for advancement in the field of oncology, orthopedics, retinal and neurological diseases and disorders, blood and vascular system diseases and disorders, blood plasma volume expansion, diagnostic products for the early detection of cancer and hydrogel products that may be used in surgery and products for human embryonic stem cell research. The company was founded by Judith Segall, Hal Sternberg, Paul E. Segall and Harold D. Waitz on November 30, 1990 and is headquartered in Alameda, CA.
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