AstraZeneca (LON:AZN) has been assigned a GBX 4,550 ($61.72) target price by equities research analysts at UBS in a report released on Friday, www.boersen-zeitung.de reports. The firm currently has a “neutral” rating on the biopharmaceutical company’s stock. UBS’s price target would indicate a potential downside of 12.97% from the stock’s current price.
A number of other brokerages have also recently issued reports on AZN. Shore Capital reiterated a “hold” rating on shares of AstraZeneca in a report on Wednesday, April 11th. JPMorgan Chase reiterated an “overweight” rating and issued a GBX 5,500 ($74.61) price objective on shares of AstraZeneca in a report on Friday, February 2nd. Jefferies Group set a GBX 5,075 ($68.84) price objective on shares of AstraZeneca and gave the stock a “neutral” rating in a report on Monday, February 26th. Liberum Capital reiterated a “hold” rating and issued a GBX 5,000 ($67.82) price objective on shares of AstraZeneca in a report on Friday, January 26th. Finally, BNP Paribas reiterated an “outperform” rating and issued a GBX 5,600 ($75.96) price objective on shares of AstraZeneca in a report on Thursday, March 22nd. Four analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 5,255.78 ($71.29).
Shares of LON:AZN opened at GBX 5,228 ($70.92) on Friday. AstraZeneca has a 1 year low of GBX 4,260 ($57.79) and a 1 year high of GBX 5,520 ($74.88).
AstraZeneca Company Profile
AstraZeneca PLC discovers, develops, and commercializes prescription medicines for the treatment of oncology, cardiovascular and metabolic, respiratory, gastrointestinal, neuroscience, and infection diseases worldwide. Its marketed products include Arimidex, Casodex/Cosudex, Calquence, Faslodex, Imfinzi, Iressa, Lynparza, Nolvadex, Tagrisso, and Zoladex for oncology diseases; Atacand1/Atacand HCT/Atacand Plus, Brilinta/Brilique, Crestor2, Plendil, Seloken/Toprol-XL4, Tenormin5, and Zestril6 for cardiovascular diseases; and Bydureon, Byetta, Farxiga/Forxiga, Kombiglyze XR, Komboglyze, Onglyza, Qtern, Symlin, Xigduo, and Xigduo XR for metabolic diseases.
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