Novo Nordisk A/S (NYSE:NVO) was upgraded by research analysts at Bank of America Corporation from an “underperform” rating to a “neutral” rating in a research note issued on Wednesday, Marketbeat.com reports.

A number of other equities analysts have also recently issued reports on the company. BidaskClub upgraded Novo Nordisk A/S from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Zacks Investment Research cut Novo Nordisk A/S from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $53.00.

Novo Nordisk A/S (NYSE NVO) traded down 1.09% during mid-day trading on Wednesday, reaching $47.97. The company had a trading volume of 1,019,724 shares. The firm’s 50-day moving average price is $44.69 and its 200-day moving average price is $40.39. The stock has a market cap of $118.98 billion, a PE ratio of 19.78 and a beta of 0.60. Novo Nordisk A/S has a 12 month low of $30.89 and a 12 month high of $48.56.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/09/10/novo-nordisk-as-nvo-rating-increased-to-neutral-at-bank-of-america-corporation.html.

Several institutional investors have recently bought and sold shares of the company. Intl Fcstone Inc. acquired a new position in shares of Novo Nordisk A/S during the 2nd quarter worth about $475,000. Kimelman & Baird LLC acquired a new position in shares of Novo Nordisk A/S during the 2nd quarter worth about $214,000. Toronto Dominion Bank boosted its stake in shares of Novo Nordisk A/S by 37.6% during the 2nd quarter. Toronto Dominion Bank now owns 18,718 shares of the company’s stock worth $804,000 after buying an additional 5,118 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Novo Nordisk A/S by 74.6% during the 2nd quarter. Advisory Services Network LLC now owns 6,461 shares of the company’s stock worth $277,000 after buying an additional 2,760 shares during the last quarter. Finally, Bangor Savings Bank acquired a new position in shares of Novo Nordisk A/S during the 2nd quarter worth about $245,000. Institutional investors own 6.01% of the company’s stock.

About Novo Nordisk A/S

Novo Nordisk A/S is a global healthcare company engaged in diabetes care. The Company is also engaged in the discovery, development, manufacturing and marketing of pharmaceutical products. The Company operates through two business segments: diabetes and obesity care, and biopharmaceuticals. The Company’s diabetes and obesity care segment covers insulin, GLP-1, other protein-related products, such as glucagon, protein-related delivery systems and needles, and oral anti-diabetic drugs.

Analyst Recommendations for Novo Nordisk A/S (NYSE:NVO)

Receive News & Ratings for Novo Nordisk A/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Novo Nordisk A/S and related companies with MarketBeat.com's FREE daily email newsletter.