AstraZeneca plc (AZN) Price Target Cut to GBX 4,900

AstraZeneca plc (LON:AZN) had its price objective decreased by Jefferies Group LLC from GBX 5,050 ($65.19) to GBX 4,900 ($63.25) in a research report report published on Friday, April 21st. Jefferies Group LLC currently has a hold rating on the biopharmaceutical company’s stock.

A number of other analysts have also issued reports on the company. Credit Suisse Group AG reaffirmed an underperform rating and issued a GBX 4,000 ($51.63) price target on shares of AstraZeneca plc in a research note on Wednesday, April 19th. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of AstraZeneca plc in a research note on Tuesday, April 18th. Barclays PLC reaffirmed an overweight rating and issued a GBX 6,000 ($77.45) price target on shares of AstraZeneca plc in a research note on Monday, April 10th. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 5,500 ($71.00) price target on shares of AstraZeneca plc in a research note on Friday, April 7th. Finally, HSBC Holdings plc lowered AstraZeneca plc to a reduce rating and set a GBX 4,500 ($58.09) price target on the stock. in a research note on Friday, April 7th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 5,001.80 ($64.56).

AstraZeneca plc (LON:AZN) traded down 0.41% on Friday, hitting GBX 5119.00. 2,921,092 shares of the company’s stock traded hands. The stock’s market cap is GBX 64.81 billion. The stock has a 50 day moving average price of GBX 4,801.40 and a 200-day moving average price of GBX 4,560.72. AstraZeneca plc has a 12 month low of GBX 3,680.00 and a 12 month high of GBX 5,505.00.

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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.

12 Month Chart for LON:AZN

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