Deutsche Bank Reiterates “Hold” Rating for AstraZeneca (AZN)
AstraZeneca (LON:AZN)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank in a report released on Friday, Analyst Ratings Network reports. They currently have a GBX 3,425 ($55.41) price target on the stock. Deutsche Bank’s price target suggests a potential upside of 4.04% from the company’s current price.
A number of other firms have also recently commented on AZN. Analysts at Panmure Gordon reiterated a “hold” rating on shares of AstraZeneca in a research note to investors on Wednesday. They now have a GBX 3,200 ($51.77) price target on the stock. Separately, analysts at Kepler Capital Markets reiterated a “reduce” rating on shares of AstraZeneca in a research note to investors on Monday, October 28th. They now have a GBX 2,700 ($43.68) price target on the stock. Finally, analysts at Bank of America Corp. upgraded shares of AstraZeneca from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, October 28th. They now have a GBX 3,400 ($55.01) price target on the stock, up previously from GBX 3,200 ($51.77). Twelve equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. AstraZeneca currently has an average rating of “Hold” and a consensus price target of GBX 3,097.49 ($50.11).
AstraZeneca (LON:AZN) traded down 1.14% during mid-day trading on Friday, hitting GBX 3291.9998. The stock had a trading volume of 2,245,327 shares. AstraZeneca has a 52-week low of GBX 442.867 and a 52-week high of GBX 3544.50. The stock’s 50-day moving average is GBX 3210.14 and its 200-day moving average is GBX 3257.37. The company’s market cap is £41.216 billion.
AstraZeneca PLC (LON:AZN) is a global biopharmaceutical company.
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