AstraZeneca plc (AZN) Receives “Buy” Rating from Deutsche Bank AG
Deutsche Bank AG reiterated their buy rating on shares of AstraZeneca plc (LON:AZN) in a research note released on Thursday. Deutsche Bank AG currently has a GBX 5,600 ($74.28) price objective on the biopharmaceutical company’s stock.
AZN has been the subject of a number of other reports. Liberum Capital reaffirmed a buy rating and set a GBX 4,800 ($63.67) price objective on shares of AstraZeneca plc in a research note on Tuesday, September 5th. Morgan Stanley reaffirmed an overweight rating and set a GBX 5,600 ($74.28) price objective on shares of AstraZeneca plc in a research note on Friday, June 23rd. UBS AG set a GBX 4,550 ($60.35) price objective on AstraZeneca plc and gave the stock a neutral rating in a research note on Thursday, August 31st. Jefferies Group LLC lifted their price objective on AstraZeneca plc from GBX 4,350 ($57.70) to GBX 4,800 ($63.67) and gave the stock a hold rating in a research note on Monday, September 11th. Finally, Shore Capital reaffirmed a hold rating on shares of AstraZeneca plc in a research note on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. AstraZeneca plc has a consensus rating of Hold and a consensus target price of GBX 5,111.27 ($67.80).
AstraZeneca plc (AZN) traded up 1.04% during trading on Thursday, hitting GBX 5154.00. The company had a trading volume of 1,573,396 shares. The company’s market capitalization is GBX 65.25 billion. AstraZeneca plc has a 12-month low of GBX 3,996.00 and a 12-month high of GBX 5,520.00. The firm has a 50-day moving average of GBX 4,738.46 and a 200 day moving average of GBX 4,897.65.
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The business also recently announced a dividend, which was paid on Monday, September 11th. Investors of record on Thursday, August 10th were issued a dividend of GBX 68.90 ($0.91) per share. The ex-dividend date was Thursday, August 10th. This represents a yield of 1.35%.
In related news, insider Nazneen Rahman bought 39 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were acquired at an average price of GBX 4,370 ($57.97) per share, for a total transaction of £1,704.30 ($2,260.64).
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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