AstraZeneca (LON:AZN) Rating Reaffirmed
In a recent research report made public on Monday, 7 December, The Buy rating of AstraZeneca (LON:AZN) shares was reconfirmed at Jefferies, who now has a GBX 5300 target price on the stock. Jefferies’s target price could mean a possible upside of 17.99% from the current price of the company.
From a total of 29 analysts covering AstraZeneca PLC (LON:AZN) stock, 18 rate it a ”Buy”, 6 a “Sell”, and 10 a ”Hold”. This means that 53% of the ratings are positive. The highest target price is GBX 94.17 while the lowest target price is GBX 36. The mean of all analyst targets is GBX 70.59 with a 6.85% above today’s (GBX 4515) stock price. AstraZeneca PLC was the topic of 119 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 7 with “Buy” rating. UBS maintained shares with “Buy” rating and GBX 5000 target share price in a report from a November 25. Morgan Stanley upgraded AZN stock in a recent report from December 1 to “Overweight” rating. Credit Suisse maintained the rating on November 24. Credit Suisse has a “Underperform” rating and a GBX 4000 price target on shares. Finally, Deutsche Bank maintained the stock with “Buy” rating in a report issued on a November 30.
Approximately 412,530 shares of stock traded hands. AstraZeneca plc (LON:AZN) has declined 1.99% since May 8, 2015 and is downtrending. It has underperformed by 0.91% the S&P500.
AstraZeneca PLC is a global biopharmaceutical company. The company has a market cap of 57.23 billion GBP. The Firm discovers, develops and commercializes prescription medicines for Cardiovascular and Metabolic diseases; Oncology; Respiratory, Inflammation and Autoimmunity, Infection, Neuroscience and Gastrointestinal. It has 51.02 P/E ratio. The Company’s medicines include Crestor for managing cholesterol levels; Seloken/Toprol-XL for hypertension, heart failure and angina; Onglyza for Type 2; Iressa for lung cancer; Faslodex for breast cancer; Zoladex for prostate and breast cancer; Pulmicort for asthma; Symbicort for asthma and COPD (chronic obstructive pulmonary); Nexium for acid-related diseases; Seroquel XR for schizophrenia, bipolar disorder and depressive disorder, and Synagis for RSV (respiratory syncytial virus), a respiratory infection in infants.
According to Zacks Investment Research, “AstraZeneca PLC is one of the top five pharmaceutical companies in the world based on sales and is a therapeutic leader in cardiovascular, gastrointestinal, oncology, anesthesia including pain management, central nervous system (CNS) and respiratory products. They are engaged in the research, development, manufacture and marketing of ethical (prescription) pharmaceuticals and agricultural products, and the supply of healthcare services.” Get a free copy of the Zacks research report on AstraZeneca plc (AZN).