AstraZeneca plc (AZN) Trading 1.4% Higher
AstraZeneca plc (LON:AZN)’s share price traded up 1.4% during trading on Tuesday . The company traded as high as GBX 4,783.50 ($64.49) and last traded at GBX 4,774 ($64.37). 2,122,340 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 2,293,550 shares. The stock had previously closed at GBX 4,710 ($63.50).
A number of equities analysts recently commented on the company. Berenberg Bank set a GBX 5,800 ($78.20) price objective on AstraZeneca plc and gave the stock a “buy” rating in a report on Tuesday. Jefferies Group LLC set a GBX 4,900 ($66.06) price objective on AstraZeneca plc and gave the stock a “neutral” rating in a report on Monday. Liberum Capital downgraded AstraZeneca plc from a “buy” rating to a “hold” rating and increased their price objective for the stock from GBX 4,800 ($64.72) to GBX 5,000 ($67.41) in a report on Thursday, September 14th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 4,500 ($60.67) price objective on shares of AstraZeneca plc in a report on Thursday, September 14th. Finally, Barclays PLC set a GBX 6,300 ($84.94) price objective on AstraZeneca plc and gave the stock a “buy” rating in a report on Wednesday, September 13th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 5,041.09 ($67.97).
The stock’s market capitalization is GBX 60.44 billion. The company has a 50-day moving average of GBX 4,574.46 and a 200 day moving average of GBX 4,884.61.
The company also recently disclosed a dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 10th were issued a GBX 68.90 ($0.93) dividend. This represents a yield of 1.35%. The ex-dividend date of this dividend was Thursday, August 10th.
In other news, insider Nazneen Rahman acquired 39 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were purchased at an average cost of GBX 4,370 ($58.92) per share, with a total value of £1,704.30 ($2,297.83).
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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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