Shore Capital Reaffirms “Hold” Rating for AstraZeneca plc (AZN)

Shore Capital reissued their hold rating on shares of AstraZeneca plc (LON:AZN) in a research note published on Monday, Marketbeat.com reports.

Several other brokerages have also weighed in on AZN. Deutsche Bank AG lowered their price objective on AstraZeneca plc from GBX 5,700 ($74.94) to GBX 5,300 ($69.68) and set a buy rating for the company in a research report on Thursday, August 3rd. HSBC Holdings plc set a GBX 4,100 ($53.90) price objective on AstraZeneca plc and gave the stock a sell rating in a research report on Tuesday, August 8th. Sanford C. Bernstein set a GBX 5,780 ($75.99) price objective on AstraZeneca plc and gave the stock a buy rating in a research report on Monday, September 25th. Credit Suisse Group reiterated a neutral rating and issued a GBX 5,000 ($65.74) price objective on shares of AstraZeneca plc in a research report on Monday, June 19th. Finally, Barclays PLC reiterated an overweight rating and issued a GBX 6,300 ($82.83) price objective on shares of AstraZeneca plc in a research report on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 5,113.55 ($67.23).

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In other AstraZeneca plc news, insider Nazneen Rahman purchased 39 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were bought at an average cost of GBX 4,370 ($57.45) per share, for a total transaction of £1,704.30 ($2,240.73).

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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