AstraZeneca (LON:AZN) Given Buy Rating at Berenberg Bank
Berenberg Bank has reaffirmed a "buy" rating for AstraZeneca (LON:AZN) with a price target of £142, indicating a potential upside of 19.89% from its previous close. The stock currently has a consensus rating of "Moderate Buy" and a price target of £131.75. Other analysts have given mixed ratings, with Deutsche Bank maintaining a "hold" at £110 and Shore Capital a "buy" at £135. AstraZeneca's shares opened at £118.44, with a market cap of £183.61 billion and a P/E ratio of 2,230.51.
AstraZeneca (LON:AZN - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Berenberg Bank in a research note issued on Monday,Digital Look reports. They currently have a £142 price target on the biopharmaceutical company's stock. Berenberg Bank's price objective suggests a potential upside of 19.89% from the stock's previous close.
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AZN has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a £110 price target on shares of AstraZeneca in a research note on Wednesday, July 30th. Shore Capital reissued a "buy" rating and issued a £135 price objective on shares of AstraZeneca in a research note on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, AstraZeneca currently has a consensus rating of "Moderate Buy" and a consensus price target of £131.75.
Check Out Our Latest Report on AstraZeneca
AstraZeneca Price Performance
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Shares of AZN stock opened at £118.44 on Monday. The stock's fifty day simple moving average is £109.33 and its 200 day simple moving average is £109.16. The company has a debt-to-equity ratio of 73.83, a current ratio of 0.93 and a quick ratio of 0.59. The firm has a market cap of £183.61 billion, a price-to-earnings ratio of 2,230.51, a P/E/G ratio of 0.86 and a beta of 0.17. AstraZeneca has a one year low of GBX 9,573.51 and a one year high of £133.88.
Insider Buying and Selling
In other news, insider Aradhana Sarin sold 9,563 shares of the company's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of £115.12, for a total transaction of £1,100,892.56. Corporate insiders own 0.15% of the company's stock.
AstraZeneca Company Profile
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AstraZeneca (LSE/STO/Nasdaq: AZN) is a global, science-led biopharmaceutical company that focuses on the discovery, development and commercialisation of prescription medicines, primarily for the treatment of diseases in three therapy areas - Oncology, Cardiovascular, Renal & Metabolism, and Respiratory & Immunology.
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