AstraZeneca plc’s (AZN) Hold Rating Reiterated at Shore Capital
AstraZeneca plc (LON:AZN)‘s stock had its “hold” rating reiterated by equities researchers at Shore Capital in a research note issued on Friday.
A number of other equities research analysts have also weighed in on the company. Citigroup Inc. reissued a “buy” rating and issued a GBX 6,000 ($77.89) target price on shares of AstraZeneca plc in a research note on Thursday, July 13th. Deutsche Bank AG lowered their target price on AstraZeneca plc from GBX 5,500 ($71.40) to GBX 5,350 ($69.45) and set a “buy” rating for the company in a research note on Friday, April 28th. Barclays PLC reissued an “overweight” rating and issued a GBX 6,000 ($77.89) target price on shares of AstraZeneca plc in a research note on Friday, April 28th. Jefferies Group LLC lowered their target price on AstraZeneca plc from GBX 5,500 ($71.40) to GBX 5,300 ($68.80) and set a “hold” rating for the company in a research note on Wednesday, July 12th. Finally, HSBC Holdings plc lowered AstraZeneca plc to a “reduce” rating and set a GBX 4,500 ($58.42) target price for the company. in a research note on Tuesday, July 4th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 4,932.67 ($64.04).
Shares of AstraZeneca plc (AZN) opened at 4462.00 on Friday. AstraZeneca plc has a 1-year low of GBX 3,996.00 and a 1-year high of GBX 5,520.00. The company’s 50-day moving average price is GBX 4,840.03 and its 200 day moving average price is GBX 4,866.25. The firm’s market cap is GBX 56.49 billion.
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In other news, insider Nazneen Rahman bought 39 shares of AstraZeneca plc stock in a transaction on Thursday, July 27th. The shares were purchased at an average price of GBX 4,370 ($56.73) per share, for a total transaction of £1,704.30 ($2,212.51).
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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