Anavex Life Sciences (NASDAQ:AVXL) Receives “Buy” Rating from D. Boral Capital

Anavex Life Sciences (NASDAQ:AVXLGet Free Report)‘s stock had its “buy” rating restated by analysts at D. Boral Capital in a report released on Monday,Benzinga reports. They currently have a $46.00 price target on the biotechnology company’s stock. D. Boral Capital’s price target suggests a potential upside of 379.17% from the company’s previous close.

Separately, HC Wainwright reiterated a “buy” rating and set a $40.00 price objective on shares of Anavex Life Sciences in a report on Monday, November 4th.

Read Our Latest Research Report on AVXL

Anavex Life Sciences Trading Up 5.4 %

Shares of Anavex Life Sciences stock opened at $9.60 on Monday. The stock’s fifty day simple moving average is $6.40 and its 200 day simple moving average is $5.55. The company has a market capitalization of $814.08 million, a PE ratio of -19.38 and a beta of 0.60. Anavex Life Sciences has a 12 month low of $3.25 and a 12 month high of $10.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AVXL. Renaissance Technologies LLC lifted its stake in Anavex Life Sciences by 483.8% in the 2nd quarter. Renaissance Technologies LLC now owns 466,437 shares of the biotechnology company’s stock valued at $1,968,000 after acquiring an additional 386,537 shares in the last quarter. Virtu Financial LLC grew its position in Anavex Life Sciences by 87.5% in the first quarter. Virtu Financial LLC now owns 40,612 shares of the biotechnology company’s stock valued at $207,000 after purchasing an additional 18,954 shares in the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in Anavex Life Sciences in the 2nd quarter valued at $346,000. Vanguard Group Inc. lifted its position in Anavex Life Sciences by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 4,414,682 shares of the biotechnology company’s stock worth $22,471,000 after buying an additional 54,034 shares in the last quarter. Finally, Nwam LLC bought a new position in shares of Anavex Life Sciences in the 3rd quarter valued at about $5,172,000. 31.55% of the stock is owned by institutional investors and hedge funds.

About Anavex Life Sciences

(Get Free Report)

Anavex Life Sciences Corp., a clinical stage biopharmaceutical company, engages in the development of therapeutics for the treatment of central nervous system diseases. Its lead product candidate is ANAVEX 2-73 for the treatment of Alzheimer's disease and Parkinson's disease, as well as other central nervous system diseases, including rare diseases, such as Rett syndrome, a rare severe neurological monogenic disorder; and infantile spasms, Fragile X syndrome, and Angelman syndrome.

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