HSBC Holdings plc Analysts Give Novartis AG (NOVN) a CHF 90 Price Target
Novartis AG (VTX:NOVN) received a CHF 90 price objective from investment analysts at HSBC Holdings plc in a research note issued on Thursday. The brokerage currently has a “buy” rating on the stock.
Several other equities research analysts have also issued reports on the stock. Jefferies Group LLC set a CHF 103 price target on shares of Novartis AG and gave the company a “buy” rating in a research note on Friday, June 23rd. Barclays PLC set a CHF 65 price target on shares of Novartis AG and gave the company a “sell” rating in a research note on Friday, June 2nd. Deutsche Bank AG set a CHF 78 price target on shares of Novartis AG and gave the company a “neutral” rating in a research note on Wednesday, June 21st. Morgan Stanley set a CHF 88 price target on shares of Novartis AG and gave the company a “buy” rating in a research note on Wednesday, July 26th. Finally, Berenberg Bank set a CHF 85 price target on shares of Novartis AG and gave the company a “neutral” rating in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of CHF 85.
Novartis AG (VTX NOVN) traded up 0.06% during trading on Thursday, hitting CHK 81.00. 2,843,258 shares of the stock were exchanged. Novartis AG has a 12-month low of CHK 67.40 and a 12-month high of CHK 84.35. The stock has a 50 day moving average price of CHK 80.90 and a 200-day moving average price of CHK 78.38. The firm has a market capitalization of CHK 189.77 billion and a PE ratio of 29.57.
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About Novartis AG
Novan, Inc, a clinical-stage drug development company, focuses on the development and commercialization of nitric oxide-based therapies in dermatology. Its lead product candidate is SB204, a cosmetically elegant topical gel that targets multiple mechanisms of action for the treatment of acne vulgaris.
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