Zacks: Novogen Ltd. (NVGN) Receives Average Rating of “Strong Buy” from Brokerages

Novogen Ltd. (NASDAQ:NVGN) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price target of $5.00 for the company, according to Zacks. Zacks has also given Novogen an industry rank of 99 out of 265 based on the ratings given to its competitors.

Separately, HC Wainwright restated a “buy” rating on shares of Novogen in a report on Tuesday, September 27th.

Shares of Novogen (NASDAQ:NVGN) traded down 1.2459% on Wednesday, reaching $1.8072. The company’s stock had a trading volume of 3,998 shares. The firm has a 50 day moving average of $1.94 and a 200 day moving average of $2.03. Novogen has a 52-week low of $1.72 and a 52-week high of $3.09. The company’s market cap is $31.06 million.

About Novogen

Novogen Limited (Novogen) is a drug discovery company. The Company is primarily engaged in pharmaceutical research and development. The Company’s operations include CanTx Inc, its United States-based joint venture company with Yale University. Novogen has two drug technology platforms (the superbenzopyrans (SBPs) and anti-tropomyosins (ATMs)) yielding drug candidates that have application across a range of degenerative diseases.

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