Kepler Capital Markets Reaffirms Buy Rating for AstraZeneca plc (AZN)

AstraZeneca plc (LON:AZN)‘s stock had its “buy” rating reissued by stock analysts at Kepler Capital Markets in a report issued on Thursday, July 13th. They presently have a GBX 5,500 ($72.55) price target on the biopharmaceutical company’s stock. Kepler Capital Markets’ target price would indicate a potential upside of 20.56% from the company’s current price.

Several other research analysts have also commented on the stock. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 6,000 ($79.15) price target on shares of AstraZeneca plc in a report on Thursday, July 13th. Deutsche Bank AG dropped their price objective on shares of AstraZeneca plc from GBX 5,500 ($72.55) to GBX 5,350 ($70.57) and set a “buy” rating on the stock in a research note on Friday, April 28th. Barclays PLC reissued an “overweight” rating and issued a GBX 6,000 ($79.15) target price on shares of AstraZeneca plc in a research report on Monday, March 27th. HSBC Holdings plc downgraded shares of AstraZeneca plc to a “reduce” rating and set a GBX 4,500 ($59.36) target price for the company. in a research report on Tuesday, July 4th. Finally, Societe Generale reaffirmed a “buy” rating on shares of AstraZeneca plc in a report on Thursday, March 23rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 4,956.48 ($65.38).

Shares of AstraZeneca plc (LON:AZN) traded up 1.38% during mid-day trading on Thursday, reaching GBX 4562.00. The company’s stock had a trading volume of 2,013,875 shares. The stock has a 50 day moving average of GBX 5,101.58 and a 200-day moving average of GBX 4,861.19. AstraZeneca plc has a one year low of GBX 3,996.00 and a one year high of GBX 5,520.00. The stock’s market cap is GBX 57.74 billion.

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In related news, insider Nazneen Rahman bought 39 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were purchased at an average cost of GBX 4,370 ($57.64) per share, for a total transaction of £1,704.30 ($2,248.12).

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.

Analyst Recommendations for AstraZeneca plc (LON:AZN)

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