Barclays PLC Reiterates Overweight Rating for AstraZeneca plc (AZN)

AstraZeneca plc (LON:AZN)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays PLC in a report released on Monday. They presently have a GBX 6,000 ($75.52) price objective on the biopharmaceutical company’s stock. Barclays PLC’s price objective points to a potential upside of 31.41% from the stock’s previous close.

Other equities analysts have also issued reports about the company. BNP Paribas reaffirmed a “neutral” rating and set a GBX 5,300 ($66.71) target price on shares of AstraZeneca plc in a research report on Monday, April 3rd. Jefferies Group LLC lowered AstraZeneca plc from a “buy” rating to a “hold” rating and lowered their target price for the stock from GBX 5,350 ($67.34) to GBX 5,050 ($63.56) in a research report on Monday, April 10th. Shore Capital reaffirmed a “sell” rating on shares of AstraZeneca plc in a research report on Monday, March 27th. HSBC Holdings plc lowered AstraZeneca plc to a “reduce” rating and set a GBX 4,500 ($56.64) target price on the stock. in a research report on Friday, April 7th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of AstraZeneca plc in a research report on Wednesday, March 15th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 5,057.40 ($63.66).

Analyst Recommendations for AstraZeneca plc (LON:AZN)

AstraZeneca plc (LON:AZN) traded down 0.62% on Monday, reaching GBX 4566.00. 2,518,128 shares of the company traded hands. The stock’s market capitalization is GBX 57.77 billion. The firm has a 50 day moving average of GBX 4,808.85 and a 200-day moving average of GBX 4,576.87. AstraZeneca plc has a one year low of GBX 3,680.00 and a one year high of GBX 5,505.00.

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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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