Novartis AG (NOVN) PT Set at CHF 90 by Baader Bank

Novartis AG (VTX:NOVN) has been assigned a CHF 90 price target by investment analysts at Baader Bank in a report issued on Monday. The firm presently has a “buy” rating on the stock.

A number of other research analysts have also weighed in on NOVN. Kepler Capital Markets set a CHF 88 target price on Novartis AG and gave the company a “buy” rating in a report on Tuesday, July 4th. Credit Suisse Group set a CHF 77 target price on Novartis AG and gave the company a “sell” rating in a report on Wednesday, July 5th. Deutsche Bank AG set a CHF 80 target price on Novartis AG and gave the company a “neutral” rating in a report on Friday, July 7th. Berenberg Bank set a CHF 85 target price on Novartis AG and gave the company a “neutral” rating in a report on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) set a CHF 80 target price on Novartis AG and gave the company a “neutral” rating in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Novartis AG currently has a consensus rating of “Hold” and a consensus price target of CHF 86.10.

Shares of Novartis AG (NOVN) opened at 82.20 on Monday. The firm’s 50-day moving average is CHK 83.26 and its 200-day moving average is CHK 80.47. Novartis AG has a 52 week low of CHK 67.40 and a 52 week high of CHK 85.40. The firm has a market capitalization of CHK 192.59 billion and a P/E ratio of 30.01.

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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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