Liberum Capital Downgrades AstraZeneca plc (AZN) to Hold
Liberum Capital downgraded shares of AstraZeneca plc (LON:AZN) from a buy rating to a hold rating in a research note released on Thursday, Marketbeat Ratings reports. The brokerage currently has GBX 5,000 ($64.57) target price on the biopharmaceutical company’s stock, up from their prior target price of GBX 4,800 ($61.99).
AZN has been the topic of a number of other research reports. HSBC Holdings plc restated a reduce rating and set a GBX 4,100 ($52.95) price target on shares of AstraZeneca plc in a report on Monday, September 11th. UBS AG set a GBX 5,150 ($66.51) price target on shares of AstraZeneca plc and gave the company a neutral rating in a report on Tuesday, June 27th. BNP Paribas set a GBX 5,300 ($68.45) price target on shares of AstraZeneca plc and gave the company a neutral rating in a report on Monday, September 11th. Goldman Sachs Group, Inc. (The) set a GBX 3,900 ($50.37) price target on shares of AstraZeneca plc and gave the company a sell rating in a report on Saturday, May 20th. Finally, Barclays PLC restated an overweight rating and set a GBX 5,500 ($71.03) price target on shares of AstraZeneca plc in a report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of GBX 5,022.91 ($64.87).
Shares of AstraZeneca plc (AZN) opened at 4719.50 on Thursday. The company’s 50-day moving average is GBX 4,556.15 and its 200-day moving average is GBX 4,880.61. The stock’s market capitalization is GBX 59.75 billion. 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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The firm also recently disclosed a dividend, which was paid on Monday, September 11th. Stockholders of record on Thursday, August 10th were issued a dividend of GBX 68.90 ($0.89) per share. This represents a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, August 10th.
In other AstraZeneca plc news, insider Nazneen Rahman acquired 39 shares of AstraZeneca plc stock in a transaction dated Thursday, July 27th. The stock was bought at an average cost of GBX 4,370 ($56.44) per share, with a total value 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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