AstraZeneca plc’s (AZN) “Buy” Rating Reiterated at Societe Generale
Several other research firms have also recently commented on AZN. Morgan Stanley restated an overweight rating and issued a GBX 5,600 ($75.50) target price on shares of AstraZeneca plc in a research report on Friday, June 23rd. UBS AG set a GBX 5,150 ($69.44) target price on shares of AstraZeneca plc and gave the stock a neutral rating in a research report on Tuesday, June 27th. Shore Capital restated a hold rating on shares of AstraZeneca plc in a research report on Wednesday, June 21st. Kepler Capital Markets restated a buy rating and issued a GBX 5,500 ($74.15) target price on shares of AstraZeneca plc in a research report on Monday, June 5th. Finally, Liberum Capital restated a buy rating and issued a GBX 5,500 ($74.15) target price on shares of AstraZeneca plc in a research report on Monday, June 5th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 5,041.09 ($67.97).
Shares of AstraZeneca plc (LON:AZN) opened at 4912.00 on Thursday. AstraZeneca plc has a 12 month low of GBX 3,996.00 and a 12 month high of GBX 5,520.00. The firm’s market cap is GBX 62.19 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.
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The company also recently declared a dividend, which was paid on Monday, September 11th. Stockholders of record on Thursday, August 10th were issued a dividend of GBX 68.90 ($0.93) per share. The ex-dividend date was Thursday, August 10th. This represents a dividend yield of 1.35%.
In related news, insider Nazneen Rahman acquired 39 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were purchased at an average price of GBX 4,370 ($58.92) per share, for a total transaction of £1,704.30 ($2,297.83).
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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