AstraZeneca plc (AZN) Price Target Raised to GBX 5,700

AstraZeneca plc (LON:AZN) had its price target boosted by Deutsche Bank AG from GBX 5,350 ($67.68) to GBX 5,700 ($72.11) in a report published on Monday, May 15th. They currently have a buy rating on the biopharmaceutical company’s stock.

Several other research analysts also recently commented on AZN. Shore Capital restated a sell rating on shares of AstraZeneca plc in a report on Sunday, April 2nd. HSBC Holdings plc cut their price target on AstraZeneca plc from GBX 4,700 ($59.46) to GBX 4,500 ($56.93) and set a hold rating on the stock in a report on Tuesday, February 7th. Goldman Sachs Group, Inc. (The) set a GBX 3,900 ($49.34) price target on AstraZeneca plc and gave the company a sell rating in a report on Thursday, May 11th. Bryan, Garnier & Co reiterated a buy rating and issued a GBX 5,400 ($68.31) price target on shares of AstraZeneca plc in a report on Tuesday, February 28th. Finally, Berenberg Bank cut their price target on AstraZeneca plc from GBX 5,500 ($69.58) to GBX 5,450 ($68.94) and set a buy rating on the stock in a report on Tuesday, February 21st. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 5,121.80 ($64.79).

AstraZeneca plc (AZN) traded up 0.02% during midday trading on Monday, hitting GBX 5284.00. The company had a trading volume of 3,878,930 shares. AstraZeneca plc has a 52 week low of GBX 3,680.00 and a 52 week high of GBX 5,505.00. The company’s market capitalization is GBX 66.90 billion. The stock has a 50 day moving average price of GBX 5,087.18 and a 200 day moving average price of GBX 4,684.86.

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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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