AstraZeneca plc (AZN) Given New GBX 4,150 Price Target at HSBC Holdings plc
AstraZeneca plc (LON:AZN) had its price target raised by HSBC Holdings plc from GBX 4,100 ($53.90) to GBX 4,150 ($54.56) in a research report report published on Monday, Marketbeat Ratings reports. The firm currently has a reduce rating on the biopharmaceutical company’s stock.
Several other research analysts have also issued reports on AZN. Liberum Capital restated a buy rating and set a GBX 5,500 ($72.31) target price on shares of AstraZeneca plc in a research report on Wednesday, June 14th. Shore Capital restated a hold rating on shares of AstraZeneca plc in a research report on Thursday, June 15th. Jefferies Group LLC boosted their target price on AstraZeneca plc from GBX 5,000 ($65.74) to GBX 5,500 ($72.31) and gave the company a hold rating in a research report on Friday, June 16th. Deutsche Bank AG restated a buy rating and set a GBX 5,700 ($74.94) target price on shares of AstraZeneca plc in a research report on Friday, June 16th. Finally, Credit Suisse Group restated a neutral rating and set a GBX 5,000 ($65.74) target price on shares of AstraZeneca plc in a research report on Monday, June 19th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 5,113.55 ($67.23).
Shares of AstraZeneca plc (LON:AZN) opened at 5154.00 on Monday. The stock’s market cap is GBX 65.25 billion. The firm has a 50-day moving average price of GBX 4,815.81 and a 200 day moving average price of GBX 4,905.16. AstraZeneca plc has a 12-month low of GBX 3,996.00 and a 12-month high of GBX 5,520.00.
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In other news, insider Nazneen Rahman purchased 39 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was purchased at an average price of GBX 4,370 ($57.45) per share, for a total transaction of £1,704.30 ($2,240.73).
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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