Deutsche Bank Increases AstraZeneca (AZN) Price Target to GBX 5,700
AstraZeneca (LON:AZN) had its price objective boosted by research analysts at Deutsche Bank from GBX 5,600 ($75.37) to GBX 5,700 ($76.72) in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the biopharmaceutical company’s stock. Deutsche Bank’s price objective indicates a potential upside of 21.17% from the stock’s previous close.
Several other equities analysts also recently commented on the stock. Shore Capital reiterated a “hold” rating on shares of AstraZeneca in a report on Monday. Morgan Stanley reiterated an “equal weight” rating and set a GBX 5,000 ($67.29) price target on shares of AstraZeneca in a report on Friday, December 1st. J P Morgan Chase & Co set a GBX 4,800 ($64.60) price target on shares of AstraZeneca and gave the company a “neutral” rating in a report on Thursday, November 30th. Jefferies Group reiterated a “hold” rating and set a GBX 5,100 ($68.64) price target on shares of AstraZeneca in a report on Thursday, November 16th. Finally, HSBC upped their price target on shares of AstraZeneca from GBX 4,340 ($58.41) to GBX 4,380 ($58.95) and gave the company a “reduce” rating in a report on Thursday, November 16th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 5,169 ($69.57).
Shares of AstraZeneca (LON AZN) opened at GBX 4,704 ($63.31) on Tuesday. AstraZeneca has a 12-month low of GBX 3,996 ($53.78) and a 12-month high of GBX 5,520 ($74.29).
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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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