Jefferies Group LLC Reiterates GBX 4,900 Price Target for AstraZeneca plc (AZN)
AstraZeneca plc (LON:AZN) has been assigned a GBX 4,900 ($63.28) price target by research analysts at Jefferies Group LLC in a research report issued on Monday. The brokerage currently has a “neutral” rating on the biopharmaceutical company’s stock. Jefferies Group LLC’s price target suggests a potential upside of 3.82% from the company’s previous close.
Other analysts have also issued research reports about the company. Liberum Capital reissued a “buy” rating and set a GBX 5,500 ($71.03) price objective on shares of AstraZeneca plc in a research note on Tuesday, May 23rd. UBS AG set a GBX 5,150 ($66.51) price objective on AstraZeneca plc and gave the company a “neutral” rating in a research note on Tuesday, June 27th. J P Morgan Chase & Co reissued a “neutral” rating on shares of AstraZeneca plc in a research note on Thursday, July 13th. Credit Suisse Group dropped their price objective on AstraZeneca plc from GBX 5,000 ($64.57) to GBX 4,700 ($60.70) and set a “neutral” rating for the company in a research note on Friday, July 28th. Finally, Goldman Sachs Group, Inc. (The) set a GBX 3,900 ($50.37) price objective on AstraZeneca plc and gave the company a “sell” rating in a research note on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 5,027.45 ($64.93).
AstraZeneca plc (LON:AZN) opened at 4703.50 on Monday. The company’s market cap is GBX 59.55 billion. The firm’s 50-day moving average is GBX 4,556.15 and its 200 day moving average is GBX 4,880.61. AstraZeneca plc has a 12-month low of GBX 3,996.00 and a 12-month high of GBX 5,520.00.
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In related news, insider Nazneen Rahman purchased 39 shares of AstraZeneca plc stock in a transaction dated Thursday, July 27th. The stock was purchased at an average cost of GBX 4,370 ($56.44) per share, for a total transaction 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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