AstraZeneca plc (AZN) Rating Increased to Buy at Bryan, Garnier & Co

AstraZeneca plc (LON:AZN) was upgraded by research analysts at Bryan, Garnier & Co to a “buy” rating in a report issued on Monday. The brokerage currently has a GBX 5,380 ($69.48) price objective on the biopharmaceutical company’s stock, up from their prior price objective of GBX 4,700 ($60.70). Bryan, Garnier & Co’s price objective points to a potential upside of 9.24% from the stock’s previous close.

A number of other equities research analysts have also issued reports on AZN. Deutsche Bank AG increased their target price on shares of AstraZeneca plc from GBX 5,350 ($69.09) to GBX 5,700 ($73.61) and gave the stock a “buy” rating in a report on Monday, May 15th. HSBC Holdings plc reiterated a “reduce” rating and set a GBX 4,200 ($54.24) target price on shares of AstraZeneca plc in a report on Monday, May 15th. Shore Capital upgraded shares of AstraZeneca plc to a “hold” rating and set a GBX 4,800 ($61.99) target price on the stock in a report on Tuesday, May 16th. Berenberg Bank increased their target price on shares of AstraZeneca plc from GBX 5,670 ($73.23) to GBX 5,850 ($75.55) and gave the stock a “buy” rating in a report on Wednesday, May 17th. Finally, Jefferies Group LLC set a GBX 4,700 ($60.70) target price on shares of AstraZeneca plc and gave the stock a “neutral” rating in a report on Saturday, May 20th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 4,963.82 ($64.11).

AstraZeneca plc (LON AZN) opened at 4887.50 on Monday. The firm has a 50-day moving average of GBX 4,566.85 and a 200 day moving average of GBX 4,882.53. AstraZeneca plc has a 12-month low of GBX 3,996.00 and a 12-month high of GBX 5,520.00. The stock’s market capitalization is GBX 61.88 billion.

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In other news, insider Nazneen Rahman bought 39 shares of AstraZeneca plc stock in a transaction dated Thursday, July 27th. The stock was bought at an average price of GBX 4,370 ($56.44) per share, for a total transaction of £1,704.30 ($2,201.08).

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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