AstraZeneca plc (AZN) Receives Average Recommendation of “Hold” from Brokerages
Shares of AstraZeneca plc (LON:AZN) have received an average rating of “Hold” from the twenty-two research firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 4,804.35 ($62.05).
A number of analysts recently commented on the company. J P Morgan Chase & Co reiterated a “neutral” rating on shares of AstraZeneca plc in a research report on Friday. Citigroup Inc. reiterated a “buy” rating on shares of AstraZeneca plc in a research report on Thursday. Natixis upgraded AstraZeneca plc from a “neutral” rating to a “buy” rating and upped their price objective for the company from GBX 5,000 ($64.57) to GBX 5,738 ($74.11) in a research report on Wednesday. Deutsche Bank AG reiterated a “buy” rating and set a GBX 5,300 ($68.45) price objective on shares of AstraZeneca plc in a research report on Tuesday. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 4,800 ($61.99) price objective on shares of AstraZeneca plc in a research report on Tuesday.
Shares of AstraZeneca plc (LON AZN) opened at 4790.00 on Friday. The stock’s market cap is GBX 60.64 billion. The company has a 50-day moving average price of GBX 4,593.39 and a 200 day moving average price of GBX 4,871.66. AstraZeneca plc has a one year low of GBX 3,996.00 and a one year high of GBX 5,520.00.
The firm also recently declared a dividend, which will be paid on Monday, September 11th. Investors of record on Thursday, August 10th will be paid a dividend of GBX 68.90 ($0.89) per share. This represents a dividend yield of 1.35%. The ex-dividend date is Thursday, August 10th.
In other AstraZeneca plc news, insider Nazneen Rahman purchased 39 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was purchased at an average cost of GBX 4,370 ($56.44) per share, with a total value of £1,704.30 ($2,201.08).
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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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