AstraZeneca plc (AZN) Given “Reduce” Rating at HSBC Holdings plc

AstraZeneca plc (LON:AZN)‘s stock had its “reduce” rating restated by HSBC Holdings plc in a research report issued on Monday. They presently have a GBX 4,100 ($52.95) target price on the biopharmaceutical company’s stock. HSBC Holdings plc’s target price indicates a potential downside of 14.41% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Credit Suisse Group reissued a “neutral” rating and set a GBX 4,700 ($60.70) target price on shares of AstraZeneca plc in a research report on Monday. Liberum Capital reissued a “buy” rating and set a GBX 4,800 ($61.99) target price on shares of AstraZeneca plc in a research report on Monday. J P Morgan Chase & Co reissued a “neutral” rating on shares of AstraZeneca plc in a research report on Friday. Citigroup Inc. reissued a “buy” rating on shares of AstraZeneca plc in a research report on Thursday. Finally, Natixis raised shares of AstraZeneca plc from a “neutral” rating to a “buy” rating and increased their target price for the company from GBX 5,000 ($64.57) to GBX 5,738 ($74.11) in a research report on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 4,944.27 ($63.85).

AstraZeneca plc (LON:AZN) opened at 4790.00 on Monday. The company’s 50-day moving average is GBX 4,593.39 and its 200-day moving average is GBX 4,871.66. The firm’s market cap is GBX 60.64 billion. AstraZeneca plc has a one year low of GBX 3,996.00 and a one year high of GBX 5,520.00.

AstraZeneca plc (LON:AZN) last issued its quarterly earnings data on Wednesday, July 26th. The biopharmaceutical company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $1.01. AstraZeneca plc had a net margin of 8.83% and a return on equity of 14.36%. On average, analysts forecast that AstraZeneca plc will post $3.75 earnings per share for the current fiscal year.

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In related news, insider Nazneen Rahman acquired 39 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were acquired at an average cost of GBX 4,370 ($56.44) per share, for a total transaction of £1,704.30 ($2,201.08).

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.

Analyst Recommendations for AstraZeneca plc (LON:AZN)

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