Jefferies Group LLC Increases AstraZeneca plc (AZN) Price Target to GBX 4,800
AstraZeneca plc (LON:AZN) had its price objective upped by equities research analysts at Jefferies Group LLC from GBX 4,350 ($56.18) to GBX 4,800 ($61.99) in a research note issued on Monday. The brokerage currently has a “hold” rating on the biopharmaceutical company’s stock. Jefferies Group LLC’s price target indicates a potential downside of 2.54% from the company’s current price.
A number of other research analysts have also weighed in on AZN. Deutsche Bank AG boosted their target price on AstraZeneca plc from GBX 5,350 ($69.09) to GBX 5,700 ($73.61) and gave the stock a “buy” rating in a report on Monday, May 15th. HSBC Holdings plc reaffirmed a “reduce” rating and issued a GBX 4,200 ($54.24) price objective on shares of AstraZeneca plc in a report on Monday, May 15th. Shore Capital raised AstraZeneca plc to a “hold” rating and set a GBX 4,800 ($61.99) price objective on the stock in a report on Tuesday, May 16th. Berenberg Bank upped their price objective on AstraZeneca plc from GBX 5,670 ($73.23) to GBX 5,850 ($75.55) and gave the company a “buy” rating in a report on Wednesday, May 17th. Finally, Goldman Sachs Group, Inc. (The) set a GBX 3,900 ($50.37) price objective on AstraZeneca plc and gave the company a “sell” rating in a report on Saturday, May 20th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 4,963.82 ($64.11).
Shares of AstraZeneca plc (LON AZN) opened at 4887.50 on Monday. The firm’s market cap is GBX 61.88 billion. AstraZeneca plc has a 52 week low of GBX 3,996.00 and a 52 week high of GBX 5,520.00. The stock has a 50 day moving average of GBX 4,566.85 and a 200 day moving average of GBX 4,882.53.
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In other AstraZeneca plc news, insider Nazneen Rahman bought 39 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was acquired at an average price of GBX 4,370 ($56.44) per share, with a total value of £1,704.30 ($2,201.08).
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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