AstraZeneca plc (AZN) Receives Sell Rating from Goldman Sachs Group Inc
Goldman Sachs Group Inc reaffirmed their sell rating on shares of AstraZeneca plc (LON:AZN) in a research note published on Tuesday. The firm currently has a GBX 3,800 ($50.49) price objective on the biopharmaceutical company’s stock.
AZN has been the topic of a number of other reports. Morgan Stanley reaffirmed an overweight rating and issued a GBX 5,600 ($74.41) target price on shares of AstraZeneca plc in a research note on Friday, June 23rd. UBS AG set a GBX 5,150 ($68.43) target price on shares of AstraZeneca plc and gave the company a neutral rating in a research note on Tuesday, June 27th. Shore Capital reaffirmed a hold rating on shares of AstraZeneca plc in a research note on Wednesday, June 21st. Credit Suisse Group reaffirmed a neutral rating and issued a GBX 5,000 ($66.44) target price on shares of AstraZeneca plc in a research note on Monday, June 19th. Finally, Liberum Capital reaffirmed a buy rating and issued a GBX 5,500 ($73.08) target price on shares of AstraZeneca plc in a research note on Thursday, July 13th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. AstraZeneca plc presently has an average rating of Hold and a consensus price target of GBX 5,172.64 ($68.73).
AstraZeneca plc (LON:AZN) opened at 5162.00 on Tuesday. The firm’s market capitalization is GBX 65.35 billion. The company’s 50-day moving average is GBX 4,923.51 and its 200-day moving average is GBX 4,914.37. 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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In related news, insider Nazneen Rahman purchased 39 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were acquired at an average price of GBX 4,370 ($58.07) per share, for a total transaction of £1,704.30 ($2,264.55).
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.
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