A number of other research analysts have also issued reports on NOVN. Credit Suisse Group set a CHF 80 target price on shares of Novartis and gave the company a neutral rating in a report on Monday, May 28th. HSBC set a CHF 79 target price on shares of Novartis and gave the company a neutral rating in a report on Tuesday, May 29th. JPMorgan Chase & Co. set a CHF 84 price objective on shares of Novartis and gave the stock a neutral rating in a report on Monday, June 4th. Barclays set a CHF 70 price objective on shares of Novartis and gave the stock a sell rating in a report on Monday, June 18th. Finally, Deutsche Bank set a CHF 89 price objective on shares of Novartis and gave the stock a neutral rating in a report on Wednesday, June 27th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Novartis presently has a consensus rating of Hold and an average price target of CHF 88.86.
VTX:NOVN traded up CHF 0.34 on Tuesday, reaching CHF 78.38. The stock had a trading volume of 11,210,000 shares, compared to its average volume of 5,980,000. Novartis has a 12-month low of CHF 72.45 and a 12-month high of CHF 88.30.
Novartis Company Profile
Novan, Inc, a clinical-stage biotechnology company, focuses on the development and commercialization of nitric oxide-based therapies to treat dermatological and oncovirus-mediated diseases. Its clinical stage product candidates include SB204, a topical monotherapy that is in Phase III pivotal clinical trials for the treatment of acne vulgaris; and SB206, a topical antiviral gel, which is in Phase III pivotal trials for the treatment of patients with external genital warts, and Phase II clinical trial for the treatment of molluscum contagiosum.
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