AstraZeneca plc (AZN) Price Target Raised to GBX 5,100 at Jefferies Group LLC
AstraZeneca plc (LON:AZN) had its target price boosted by Jefferies Group LLC from GBX 4,900 ($65.11) to GBX 5,100 ($67.77) in a research note issued to investors on Monday. The firm currently has a hold rating on the biopharmaceutical company’s stock.
Other analysts have also recently issued research reports about the company. UBS AG set a GBX 5,150 ($68.43) target price on AstraZeneca plc and gave the stock a neutral rating in a research report on Tuesday, June 27th. J P Morgan Chase & Co reaffirmed a neutral rating on shares of AstraZeneca plc in a research report on Thursday, July 13th. Credit Suisse Group decreased their target price on AstraZeneca plc from GBX 5,000 ($66.44) to GBX 4,700 ($62.45) and set a neutral rating for the company in a research report on Friday, July 28th. Goldman Sachs Group, Inc. (The) set a GBX 3,900 ($51.82) target price on AstraZeneca plc and gave the stock a sell rating in a research report on Wednesday, August 2nd. Finally, Shore Capital reissued a hold rating on shares of AstraZeneca plc in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. AstraZeneca plc currently has an average rating of Hold and an average target price of GBX 5,172.64 ($68.73).
AstraZeneca plc (LON:AZN) opened at 5182.00 on Monday. AstraZeneca plc has a 52-week low of GBX 3,996.00 and a 52-week high of GBX 5,520.00. The stock’s market capitalization is GBX 65.60 billion. The company’s 50-day moving average price is GBX 4,859.28 and its 200 day moving average price is GBX 4,907.26.
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In related news, insider Nazneen Rahman acquired 39 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were bought at an average cost of GBX 4,370 ($58.07) per share, with a total value of £1,704.30 ($2,264.55).
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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