Investment analysts at Leerink Partners began coverage on shares of Novogen (NASDAQ:KZIA – Get Free Report) in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage set an “outperform” rating and a $30.00 price target on the stock. Leerink Partners’ target price suggests a potential upside of 282.17% from the company’s current price.
Several other research firms also recently commented on KZIA. Weiss Ratings reiterated a “sell (d-)” rating on shares of Novogen in a report on Thursday. Canaccord Genuity Group initiated coverage on shares of Novogen in a research note on Thursday, August 13th. They set a “buy” rating and a $29.00 target price for the company. Finally, BTIG Research restated a “buy” rating and set a $40.00 target price on shares of Novogen in a research note on Thursday, September 10th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.
View Our Latest Stock Report on KZIA
Novogen Stock Up 8.3%
Shares of Novogen stock opened at $7.85 on Tuesday. The business has a fifty day simple moving average of $11.19 and a two-hundred day simple moving average of $11.99. Novogen has a 1 year low of $4.86 and a 1 year high of $17.40.
About Novogen
Novogen Limited was an Australian biotechnology company focused on developing therapies for cancer and other serious diseases. The company’s research centered on small-molecule drug candidates designed to target biological pathways involved in tumor growth and survival.
Novogen’s oncology programs included investigational treatments such as Cantrixil, a therapy intended to target cancer stem cells, and Trilexium, an anticancer compound based on a DNA-damaging mechanism. The company also developed brain-penetrant compounds for the treatment of central nervous system cancers.
In 2016, Novogen changed its name to Kazia Therapeutics Limited and adopted the Nasdaq symbol KZIA.
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