AstraZeneca plc (AZN) Rating Reiterated by Deutsche Bank AG
AstraZeneca plc (LON:AZN)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank AG in a report issued on Tuesday. They currently have a GBX 5,300 ($68.45) price objective on the biopharmaceutical company’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 15.68% from the company’s current price.
A number of other brokerages have also weighed in on AZN. Morgan Stanley reiterated an “overweight” rating and set a GBX 5,600 ($72.32) target price on shares of AstraZeneca plc in a research note on Friday, June 23rd. UBS Group AG set a GBX 5,150 ($66.51) target price on shares of AstraZeneca plc and gave the company a “neutral” rating in a research note on Tuesday, June 27th. Shore Capital reiterated a “hold” rating on shares of AstraZeneca plc in a research note on Wednesday, June 21st. Barclays PLC reiterated an “overweight” rating and set a GBX 6,000 ($77.49) target price on shares of AstraZeneca plc in a research note on Monday, June 5th. Finally, J P Morgan Chase & Co restated a “neutral” rating on shares of AstraZeneca plc in a research note on Monday, June 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 4,892.19 ($63.18).
Shares of AstraZeneca plc (LON:AZN) opened at 4581.50 on Tuesday. AstraZeneca plc has a 12 month low of GBX 3,996.00 and a 12 month high of GBX 5,520.00. The stock’s market capitalization is GBX 58.00 billion. The company’s 50 day moving average price is GBX 4,622.79 and its 200-day moving average price is GBX 4,873.63.
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In related news, insider Nazneen Rahman acquired 39 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was acquired at an average price of GBX 4,370 ($56.44) per share, with a total value of £1,704.30 ($2,201.08).
About AstraZeneca plc
AstraZeneca PLC (AstraZeneca) is a biopharmaceutical company. The Company focuses on discovery and development of products, which are then manufactured, marketed and sold. The Company focuses on three main therapy areas: Oncology, Cardiovascular & Metabolic Disease (CVMD) and Respiratory, while selectively pursuing therapies in Autoimmunity, Infection and Neuroscience.
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