AstraZeneca plc’s (AZN) “Buy” Rating Reaffirmed at Kepler Capital Markets

Kepler Capital Markets reiterated their buy rating on shares of AstraZeneca plc (LON:AZN) in a report issued on Monday morning. The brokerage currently has a GBX 5,200 ($67.16) price objective on the biopharmaceutical company’s stock.

Several other research firms have also recently issued reports on AZN. Morgan Stanley restated an overweight rating and set a GBX 5,600 ($72.32) price objective on shares of AstraZeneca plc in a report on Friday, June 23rd. UBS AG set a GBX 5,150 ($66.51) target price on AstraZeneca plc and gave the company a neutral rating in a report on Tuesday, June 27th. Shore Capital reiterated a hold rating on shares of AstraZeneca plc in a report on Wednesday, June 21st. Barclays PLC reiterated an overweight rating and issued a GBX 6,000 ($77.49) target price on shares of AstraZeneca plc in a report on Monday, June 5th. Finally, J P Morgan Chase & Co reiterated a neutral rating on shares of AstraZeneca plc in a report on Monday, June 5th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 5,022.91 ($64.87).

AstraZeneca plc (LON AZN) opened at 4806.00 on Monday. The stock has a 50 day moving average price of GBX 4,566.78 and a 200 day moving average price of GBX 4,881.73. The firm’s market cap is GBX 60.84 billion. AstraZeneca plc has a 52 week low of GBX 3,996.00 and a 52 week high of GBX 5,520.00.

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The company also recently disclosed a dividend, which was paid on Monday, September 11th. Investors of record on Thursday, August 10th were issued a GBX 68.90 ($0.89) dividend. This represents a yield of 1.35%. The ex-dividend date of this dividend was Thursday, August 10th.

In other news, insider Nazneen Rahman acquired 39 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was purchased at an average cost of GBX 4,370 ($56.44) per share, with a total value 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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