AstraZeneca plc (AZN) Price Target Raised to GBX 4,800 at Jefferies Group LLC
AstraZeneca plc (LON:AZN) had its price target raised by Jefferies Group LLC from GBX 4,350 ($56.18) to GBX 4,800 ($61.99) in a research note released on Monday morning. They currently have a hold rating on the biopharmaceutical company’s stock.
Several other brokerages also recently commented on AZN. Shore Capital restated a hold rating on shares of AstraZeneca plc in a research note on Wednesday, June 21st. Deutsche Bank AG reduced their target price on AstraZeneca plc from GBX 5,700 ($73.61) to GBX 5,300 ($68.45) and set a buy rating for the company in a research note on Thursday, August 3rd. HSBC Holdings plc set a GBX 4,100 ($52.95) target price on AstraZeneca plc and gave the company a sell rating in a research note on Tuesday, August 8th. Liberum Capital restated a buy rating and issued a GBX 5,500 ($71.03) target price on shares of AstraZeneca plc in a research note on Monday, June 5th. Finally, Credit Suisse Group restated a neutral rating and issued a GBX 5,000 ($64.57) target price on shares of AstraZeneca plc in a research note on Monday, June 19th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 4,963.82 ($64.11).
Shares of AstraZeneca plc (AZN) opened at 4889.00 on Monday. The stock has a 50 day moving average price of GBX 4,571.40 and a 200-day moving average price of GBX 4,878.32. AstraZeneca plc has a one year low of GBX 3,996.00 and a one year high of GBX 5,520.00. The company’s market capitalization is GBX 61.89 billion.
AstraZeneca plc (LON:AZN) last issued its earnings results on Wednesday, July 26th. The biopharmaceutical company reported $1.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $1.01. AstraZeneca plc had a return on equity of 14.36% and a net margin of 8.83%. On average, equities research analysts expect that AstraZeneca plc will post $3.75 EPS for the current year.
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The business also recently declared a dividend, which was paid on Monday, September 11th. Stockholders of record on Thursday, August 10th were paid a dividend of GBX 68.90 ($0.89) per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a dividend yield of 1.35%.
In related news, insider Nazneen Rahman purchased 39 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was bought at an average price of GBX 4,370 ($56.44) per share, for a total transaction of £1,704.30 ($2,201.08).
AstraZeneca plc Company Profile
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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