Novartis AG (NOVN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Novartis AG (VTX:NOVN) have been assigned a consensus rating of “Hold” from the twenty research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is CHF 91.55.

A number of equities analysts have recently commented on NOVN shares. Deutsche Bank set a CHF 96 target price on shares of Novartis and gave the stock a “neutral” rating in a research report on Monday, December 10th. UBS Group set a CHF 82 price objective on shares of Novartis and gave the company a “neutral” rating in a report on Wednesday, November 21st. Goldman Sachs Group set a CHF 88 price objective on shares of Novartis and gave the company a “neutral” rating in a report on Monday, October 22nd. Kepler Capital Markets set a CHF 94 price objective on shares of Novartis and gave the company a “buy” rating in a report on Monday, December 10th. Finally, Credit Suisse Group set a CHF 86 price objective on shares of Novartis and gave the company a “neutral” rating in a report on Friday, October 19th.

Novartis has a 1 year low of CHF 72.45 and a 1 year high of CHF 88.30.

About Novartis

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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Analyst Recommendations for Novartis (VTX:NOVN)

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