AstraZeneca plc (AZN) Given “Buy” Rating at Societe Generale

Societe Generale restated their buy rating on shares of AstraZeneca plc (LON:AZN) in a research note released on Thursday morning.

A number of other research firms have also recently issued reports on AZN. Morgan Stanley restated an overweight rating and set a GBX 5,600 ($75.50) price target on shares of AstraZeneca plc in a report on Friday, June 23rd. UBS AG set a GBX 5,150 ($69.44) price target on shares of AstraZeneca plc and gave the company a neutral rating in a report on Tuesday, June 27th. Shore Capital restated a hold rating on shares of AstraZeneca plc in a report on Wednesday, June 21st. Kepler Capital Markets restated a buy rating and set a GBX 5,500 ($74.15) price target on shares of AstraZeneca plc in a report on Monday, June 5th. Finally, Liberum Capital restated a buy rating and set a GBX 5,500 ($74.15) price target on shares of AstraZeneca plc in a report on Monday, June 5th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. AstraZeneca plc currently has a consensus rating of Hold and an average price target of GBX 5,041.09 ($67.97).

AstraZeneca plc (LON:AZN) traded up 3.01% on Thursday, reaching GBX 4912.00. 3,343,608 shares of the company traded hands. AstraZeneca plc has a 52-week low of GBX 3,996.00 and a 52-week high of GBX 5,520.00. The firm’s market cap is GBX 62.19 billion. The stock has a 50-day moving average price of GBX 4,574.46 and a 200-day moving average price of GBX 4,884.61.

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The firm also recently disclosed a dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 10th were issued a GBX 68.90 ($0.93) dividend. This represents a yield of 1.35%. The ex-dividend date of this dividend was Thursday, August 10th.

In other AstraZeneca plc news, insider Nazneen Rahman acquired 39 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was purchased at an average price of GBX 4,370 ($58.92) per share, with a total value of £1,704.30 ($2,297.83).

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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