Novartis AG (VTX:NOVN) Receives CHF 89.41 Average Target Price from Brokerages

Shares of Novartis AG (VTX:NOVN) have earned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is CHF 88.64.

Several equities analysts have commented on NOVN shares. Jefferies Financial Group raised their price objective on Nice to $166.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Kepler Capital Markets set a €160.00 ($186.05) price objective on Pfeiffer Vacuum Technology and gave the company a “buy” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. set a €50.00 ($58.14) price objective on Brenntag and gave the company a “buy” rating in a research report on Tuesday. UBS Group reissued a “neutral” rating on shares of CAIXABANK/ADR in a research report on Thursday. Finally, Goldman Sachs Group started coverage on Enbridge in a research report on Thursday. They set a “neutral” rating for the company.

Novartis has a fifty-two week low of CHF 72.45 and a fifty-two week 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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