Novartis AG (NOVN) Given a CHF 90 Price Target at HSBC Holdings plc

HSBC Holdings plc set a CHF 90 target price on Novartis AG (VTX:NOVN) in a research note issued to investors on Monday morning. The brokerage currently has a buy rating on the stock.

A number of other analysts have also weighed in on NOVN. Baader Bank set a CHF 90 price objective on shares of Novartis AG and gave the stock a buy rating in a research note on Tuesday, October 24th. Barclays PLC set a CHF 75 price target on shares of Novartis AG and gave the company a sell rating in a research report on Wednesday, October 25th. S&P Global set a CHF 87 price target on shares of Novartis AG and gave the company a neutral rating in a research report on Tuesday, October 24th. UBS AG set a CHF 78 price target on shares of Novartis AG and gave the company a neutral rating in a research report on Monday, October 23rd. Finally, Goldman Sachs Group, Inc. (The) set a CHF 80 price objective on shares of Novartis AG and gave the company a neutral rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of CHF 86.10.

Novartis AG (NOVN) traded up 0.98% during midday trading on Monday, hitting CHK 82.40. 2,471,339 shares of the stock traded hands. The company has a market cap of CHK 193.05 billion and a price-to-earnings ratio of 30.08. The firm’s 50-day moving average is CHK 83.24 and its 200-day moving average is CHK 80.41. Novartis AG has a 52-week low of CHK 67.40 and a 52-week high of CHK 85.40.

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Novartis AG Company Profile

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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