AstraZeneca (AZN) Price Target Increased to GBX 6,000 by Analysts at Berenberg Bank

AstraZeneca (LON:AZN) had its target price increased by investment analysts at Berenberg Bank from GBX 5,800 ($81.32) to GBX 6,000 ($84.13) in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the biopharmaceutical company’s stock. Berenberg Bank’s price objective indicates a potential upside of 25.79% from the company’s current price.

A number of other equities research analysts have also commented on the company. Goldman Sachs Group restated a “sell” rating and set a GBX 3,800 ($53.28) price target on shares of AstraZeneca in a research report on Tuesday, October 17th. Barclays restated an “overweight” rating and set a GBX 6,300 ($88.33) price target on shares of AstraZeneca in a research report on Monday, December 18th. Credit Suisse Group upgraded AstraZeneca from a “neutral” rating to an “outperform” rating and increased their price target for the stock from GBX 4,800 ($67.30) to GBX 5,800 ($81.32) in a research report on Monday, October 16th. Deutsche Bank increased their price target on AstraZeneca from GBX 5,600 ($78.52) to GBX 5,700 ($79.92) and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Finally, Morgan Stanley set a GBX 4,700 ($65.90) price target on AstraZeneca and gave the stock a “neutral” rating in a research report on Friday, October 20th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. AstraZeneca has an average rating of “Hold” and an average price target of GBX 5,211.65 ($73.07).

AstraZeneca (LON AZN) traded down GBX 75 ($1.05) during midday trading on Thursday, reaching GBX 4,770 ($66.88). The company had a trading volume of 2,790,000 shares, compared to its average volume of 2,020,000. The company has a market cap of $60,400.00 and a price-to-earnings ratio of 2,805.88. AstraZeneca has a 1-year low of GBX 4,260 ($59.73) and a 1-year high of GBX 5,520 ($77.40).

In related news, insider Philip A. J. Broadley purchased 415 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were bought at an average price of GBX 4,846 ($67.95) per share, with a total value of £20,110.90 ($28,198.12).

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About AstraZeneca

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.

Analyst Recommendations for AstraZeneca (LON:AZN)

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