Berenberg Bank Analysts Give AstraZeneca plc (AZN) a GBX 5,800 Price Target
AstraZeneca plc (LON:AZN) has been assigned a GBX 5,800 ($78.20) price objective by Berenberg Bank in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the biopharmaceutical company’s stock. Berenberg Bank’s target price suggests a potential upside of 18.08% from the company’s current price.
Several other research firms have also recently weighed in on AZN. Morgan Stanley reissued an “overweight” rating and set a GBX 5,600 ($75.50) price objective on shares of AstraZeneca plc in a research report on Friday, June 23rd. UBS AG set a GBX 5,150 ($69.44) price target on AstraZeneca plc and gave the company a “neutral” rating in a report on Tuesday, June 27th. Shore Capital reaffirmed a “hold” rating on shares of AstraZeneca plc in a report on Wednesday, June 21st. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 6,000 ($80.90) price target on shares of AstraZeneca plc in a report on Monday, June 5th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of AstraZeneca plc in a report on Monday, June 5th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. AstraZeneca plc currently has a consensus rating of “Hold” and an average target price of GBX 5,041.09 ($67.97).
Shares of AstraZeneca plc (AZN) traded up 3.01% during midday trading on Tuesday, reaching GBX 4912.00. The company’s stock had a trading volume of 3,343,608 shares. AstraZeneca plc has a 12 month low of GBX 3,996.00 and a 12 month high of GBX 5,520.00. The stock’s market capitalization is GBX 62.18 billion. The stock’s 50-day moving average is GBX 4,574.46 and its 200 day moving average is GBX 4,884.61.
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In related news, insider Nazneen Rahman acquired 39 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was bought at an average price of GBX 4,370 ($58.92) per share, for a total transaction of £1,704.30 ($2,297.83).
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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