Sandoz Group (OTCMKTS:SDZNY) Shares Gap Up – Here’s What Happened

Shares of Sandoz Group AG Sponsored ADR (OTCMKTS:SDZNY) gapped up prior to trading on Friday . The stock had previously closed at $70.74, but opened at $73.64. Sandoz Group shares last traded at $71.9995, with a volume of 969 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SDZNY shares. Barclays raised Sandoz Group to a “strong-buy” rating in a research report on Monday, October 13th. Jefferies Financial Group lowered Sandoz Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Sandoz Group currently has a consensus rating of “Moderate Buy”.

Sandoz Group Trading Up 1.4%

The stock’s 50-day simple moving average is $64.74 and its 200-day simple moving average is $59.39. The company has a current ratio of 1.29, a quick ratio of 0.82 and a debt-to-equity ratio of 0.62.

About Sandoz Group

Sandoz Group AG develops, manufactures, and markets generic pharmaceuticals and biosimilars worldwide. The company covers therapeutic areas, including cardiovascular, central nervous system, oncology, infectious diseases, pain and respiratory, diabetes, immunology, endocrinology, hematology, and ophthalmology, as well as bone disease.