AstraZeneca plc (AZN) Given a GBX 5,800 Price Target at BNP Paribas
AstraZeneca plc (LON:AZN) has been assigned a GBX 5,800 ($78.00) price objective by stock analysts at BNP Paribas in a note issued to investors on Monday. The firm presently has a “buy” rating on the biopharmaceutical company’s stock. BNP Paribas’ target price would indicate a potential upside of 17.65% from the company’s previous close.
AZN has been the subject of several other research reports. HSBC Holdings plc reaffirmed a “reduce” rating and set a GBX 4,100 ($55.14) price target on shares of AstraZeneca plc in a report on Monday, September 11th. UBS AG set a GBX 5,150 ($69.26) price target on AstraZeneca plc and gave the company a “neutral” rating in a report on Tuesday, June 27th. Goldman Sachs Group Inc reaffirmed a “sell” rating and set a GBX 3,900 ($52.45) price target on shares of AstraZeneca plc in a report on Thursday, June 1st. Barclays PLC reaffirmed an “overweight” rating and set a GBX 5,500 ($73.96) price target on shares of AstraZeneca plc in a report on Tuesday, August 1st. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a GBX 6,000 ($80.69) price target on shares of AstraZeneca plc in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 5,111.27 ($68.74).
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In other news, insider Nazneen Rahman bought 39 shares of the stock in a transaction dated Thursday, July 27th. The shares were bought at an average cost of GBX 4,370 ($58.77) per share, with a total value of £1,704.30 ($2,291.96).
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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