Goldman Sachs Group, Inc. (The) Reiterates “Sell” Rating for AstraZeneca plc (AZN)
AstraZeneca plc (LON:AZN)‘s stock had its “sell” rating reissued by equities researchers at Goldman Sachs Group, Inc. (The) in a report issued on Tuesday. They currently have a GBX 3,800 ($50.49) price target on the biopharmaceutical company’s stock. Goldman Sachs Group, Inc. (The)’s price objective would suggest a potential downside of 26.58% from the company’s previous close.
A number of other brokerages have also recently commented on AZN. Shore Capital reissued a “hold” rating on shares of AstraZeneca plc in a research report on Wednesday, June 21st. Deutsche Bank AG dropped their price target on AstraZeneca plc from GBX 5,700 ($75.74) to GBX 5,300 ($70.42) and set a “buy” rating on the stock in a research report on Thursday, August 3rd. HSBC Holdings plc set a GBX 4,100 ($54.48) price target on AstraZeneca plc and gave the stock a “sell” rating in a research report on Tuesday, August 8th. Sanford C. Bernstein set a GBX 5,780 ($76.80) price target on AstraZeneca plc and gave the stock a “buy” rating in a research report on Monday, September 25th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a GBX 5,000 ($66.44) price target on shares of AstraZeneca plc in a research report on Monday, June 19th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 5,172.64 ($68.73).
AstraZeneca plc (LON AZN) opened at 5176.00 on Tuesday. AstraZeneca plc has a 12-month low of GBX 3,996.00 and a 12-month high of GBX 5,520.00. The stock has a 50 day moving average price of GBX 4,885.88 and a 200-day moving average price of GBX 4,910.79. The company’s market cap is GBX 65.53 billion.
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In related news, insider Nazneen Rahman acquired 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 ($58.07) per share, for a total transaction of £1,704.30 ($2,264.55).
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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