AstraZeneca plc’s (AZN) Sell Rating Reaffirmed at Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) reiterated their sell rating on shares of AstraZeneca plc (LON:AZN) in a research note released on Monday morning. Goldman Sachs Group, Inc. (The) currently has a GBX 3,800 ($49.08) price objective on the biopharmaceutical company’s stock.
AZN has been the subject of a number of other research reports. HSBC Holdings plc reaffirmed a reduce rating and set a GBX 4,100 ($52.95) price objective on shares of AstraZeneca plc in a research note on Monday. UBS AG set a GBX 5,150 ($66.51) price objective on shares of AstraZeneca plc and gave the company a neutral rating in a research note on Tuesday, June 27th. Barclays PLC reissued an overweight rating and set a GBX 5,500 ($71.03) target price on shares of AstraZeneca plc in a research report on Tuesday, August 1st. Citigroup Inc. reissued a buy rating and set a GBX 6,000 ($77.49) target price on shares of AstraZeneca plc in a research report on Friday, July 28th. Finally, Berenberg Bank increased their target price on shares of AstraZeneca plc from GBX 5,670 ($73.23) to GBX 5,850 ($75.55) and gave the stock a buy rating in a research report on Wednesday, May 17th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 4,963.82 ($64.11).
Shares of AstraZeneca plc (LON:AZN) opened at 4901.00 on Monday. The firm’s market capitalization is GBX 62.05 billion. The firm’s 50 day moving average is GBX 4,571.40 and its 200-day moving average is GBX 4,878.32. AstraZeneca plc has a 12 month low of GBX 3,996.00 and a 12 month high of GBX 5,520.00.
AstraZeneca plc (LON:AZN) last posted its quarterly earnings data on Wednesday, July 26th. The biopharmaceutical company reported $1.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $1.01. AstraZeneca plc had a net margin of 8.83% and a return on equity of 14.36%. On average, analysts expect that AstraZeneca plc will post $3.75 EPS for the current fiscal year.
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The company also recently disclosed a dividend, which was paid on Monday, September 11th. Investors of record on Thursday, August 10th were paid a dividend of GBX 68.90 ($0.89) per share. This represents a yield of 1.35%. The ex-dividend date of this dividend was Thursday, August 10th.
In other news, insider Nazneen Rahman acquired 39 shares of AstraZeneca plc stock in a transaction that occurred on Thursday, July 27th. The shares were purchased at an average cost 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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