AstraZeneca Receives “Neutral” Rating from JPMorgan Chase & Co. (AZN)
AstraZeneca (LON:AZN)‘s stock had its “neutral” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday, AnalystRatings.Net reports. They currently have a GBX 3,300 ($51.59) target price on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 4.38% from the stock’s previous close.
AstraZeneca (LON:AZN) traded up 0.89% on Wednesday, hitting GBX 3161.50. The stock had a trading volume of 1,719,882 shares. AstraZeneca has a 52-week low of GBX 2786.00 and a 52-week high of GBX 3544.50. The stock has a 50-day moving average of GBX 3231. and a 200-day moving average of GBX 3243.41. The company’s market cap is £39.582 billion.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of AstraZeneca (LON:AZN) from GBX 3,400 ($53.16) to GBX 3,200 ($50.03) in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “underweight” rating on shares of AstraZeneca (LON:AZN) in a research note to investors on Monday, September 2nd. They now have a GBX 3,200 ($50.03) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of AstraZeneca (LON:AZN) in a research note to investors on Thursday, August 29th. They now have a GBX 3,425 ($53.55) price target on the stock.
Twelve analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 3,201.78 ($50.06).
AstraZeneca PLC (LON:AZN) is a global biopharmaceutical company.
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