Several other research firms have also issued reports on NOVN. Morgan Stanley set a CHF 88 target price on shares of Novartis AG and gave the company a buy rating in a report on Wednesday, July 26th. Jefferies Group LLC set a CHF 97 target price on shares of Novartis AG and gave the company a buy rating in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) set a CHF 80 target price on shares of Novartis AG and gave the company a neutral rating in a report on Thursday, July 20th. Societe Generale set a CHF 91 target price on shares of Novartis AG and gave the company a buy rating in a report on Wednesday, July 19th. Finally, Deutsche Bank AG set a CHF 81 target price on shares of Novartis AG and gave the company a neutral rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of CHF 85.37.
Novartis AG (VTX NOVN) opened at 83.25 on Monday. Novartis AG has a 1-year low of CHK 67.40 and a 1-year high of CHK 85.05. The firm has a market capitalization of CHK 195.05 billion and a P/E ratio of 30.39. The company’s 50-day moving average price is CHK 83.04 and its 200-day moving average price is CHK 80.14.
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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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