Several other equities research analysts have also recently issued reports on the company. UBS Group set a CHF 80 target price on Novartis and gave the stock a neutral rating in a report on Thursday, July 19th. Goldman Sachs Group set a CHF 86 target price on Novartis and gave the stock a neutral rating in a report on Friday, June 29th. Jefferies Financial Group set a CHF 100 target price on Novartis and gave the stock a buy rating in a report on Wednesday, July 18th. Kepler Capital Markets set a CHF 89 target price on Novartis and gave the stock a buy rating in a report on Wednesday, July 18th. Finally, JPMorgan Chase & Co. set a CHF 87 target price on Novartis and gave the stock a neutral rating in a report on Tuesday, October 16th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of CHF 89.50.
Shares of Novartis stock traded up CHF 0.34 during trading hours on Friday, hitting CHF 78.38. The company’s 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.
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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