Barclays PLC Boosts AstraZeneca plc (AZN) Price Target to GBX 6,300
AstraZeneca plc (LON:AZN) had its price objective increased by Barclays PLC from GBX 6,000 ($77.72) to GBX 6,300 ($81.61) in a research report issued on Monday, MarketBeat reports. The firm presently has an “overweight” rating on the biopharmaceutical company’s stock. Barclays PLC’s target price indicates a potential upside of 22.69% from the stock’s current price.
Several other research firms also recently commented on AZN. Morgan Stanley restated an “overweight” rating and set a GBX 5,600 ($72.54) target price on shares of AstraZeneca plc in a research report on Friday, June 23rd. Shore Capital restated a “hold” rating on shares of AstraZeneca plc in a research report on Wednesday, June 21st. J P Morgan Chase & Co restated a “neutral” rating on shares of AstraZeneca plc in a research report on Monday, June 5th. Deutsche Bank AG restated a “buy” rating and set a GBX 5,700 ($73.83) target price on shares of AstraZeneca plc in a research report on Monday, June 5th. Finally, Liberum Capital restated a “buy” rating and set a GBX 5,500 ($71.24) 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, eight have given a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 5,267.68 ($68.23).
AstraZeneca plc (LON AZN) traded up 0.55% during midday trading on Monday, hitting GBX 5163.00. The company had a trading volume of 1,277,645 shares. The company’s 50 day moving average is GBX 5,259.89 and its 200-day moving average is GBX 4,769.91. AstraZeneca plc has a one year low of GBX 3,996.00 and a one year high of GBX 5,520.00. The company’s market cap is GBX 65.36 billion.
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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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