AstraZeneca plc’s (AZN) “Buy” Rating Reiterated at Liberum Capital
Liberum Capital reiterated their buy rating on shares of AstraZeneca plc (LON:AZN) in a research report report published on Monday. Liberum Capital currently has a GBX 4,800 ($61.99) target price on the biopharmaceutical company’s stock.
A number of other research analysts have also commented on the company. J P Morgan Chase & Co reissued a neutral rating and set a GBX 4,200 ($54.24) price objective on shares of AstraZeneca plc in a report on Friday, September 8th. Citigroup Inc. reissued a buy rating on shares of AstraZeneca plc in a report on Thursday, September 7th. Natixis raised AstraZeneca plc from a neutral rating to a buy rating and increased their price objective for the company from GBX 5,000 ($64.57) to GBX 5,738 ($74.11) in a report on Wednesday, September 6th. Deutsche Bank AG reissued a buy rating and set a GBX 5,300 ($68.45) price objective on shares of AstraZeneca plc in a report on Tuesday, September 5th. Finally, UBS AG set a GBX 4,550 ($58.76) price objective on AstraZeneca plc and gave the company a neutral rating in a report on Thursday, August 31st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 5,022.91 ($64.87).
AstraZeneca plc (LON:AZN) opened at 4866.00 on Monday. The stock’s market capitalization is GBX 61.60 billion. The firm has a 50-day moving average of GBX 4,560.14 and a 200 day moving average of GBX 4,882.27. AstraZeneca plc has a 52 week low of GBX 3,996.00 and a 52 week high of GBX 5,520.00.
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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 given a dividend of GBX 68.90 ($0.89) per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a dividend yield of 1.35%.
In other AstraZeneca plc news, insider Nazneen Rahman purchased 39 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was purchased at an average cost 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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