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Sandoz Group (OTCMKTS:SDZNY) Hits New 1-Year High - Time to Buy?

Sandoz Group logo with Medical background

Key Points

  • Sandoz Group AG shares hit a new 52-week high at $61.58, marking a significant increase from the previous closing price of $55.91.
  • Royal Bank of Canada upgraded Sandoz Group's rating from "hold" to a "moderate buy," indicating positive sentiment among analysts.
  • The company specializes in developing and marketing generic pharmaceuticals and biosimilars across various therapeutic areas including oncology, diabetes, and immunology.
  • Looking to export and analyze Sandoz Group data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Sandoz Group AG Sponsored ADR (OTCMKTS:SDZNY - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $61.58 and last traded at $61.58, with a volume of 4017 shares. The stock had previously closed at $55.91.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada raised shares of Sandoz Group from a "hold" rating to a "moderate buy" rating in a report on Friday, May 2nd.

Get Our Latest Stock Analysis on Sandoz Group

Sandoz Group Price Performance

The company has a debt-to-equity ratio of 0.57, a current ratio of 1.24 and a quick ratio of 0.79. The stock's fifty day simple moving average is $55.44 and its 200-day simple moving average is $48.23.

About Sandoz Group

(Get Free Report)

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.

Further Reading

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