AstraZeneca PLC (LON:AZN) shares dropped 0.5% during trading on Monday . The company traded as low as GBX 4,734.50 ($63.72) and last traded at GBX 4,745 ($63.86). Approximately 1,823,066 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 2,180,000 shares. The stock had previously closed at GBX 4,767 ($64.16).
Several analysts have recently issued reports on AZN shares. Barclays reaffirmed an “overweight” rating and set a GBX 5,500 ($74.02) price objective on shares of AstraZeneca in a report on Monday, August 7th. set a GBX 4,100 ($55.18) price objective on AstraZeneca and gave the stock a “sell” rating in a report on Tuesday, August 8th. Investec raised AstraZeneca from a “hold” rating to a “buy” rating and decreased their price objective for the stock from GBX 5,000 ($67.29) to GBX 4,900 ($65.95) in a report on Wednesday, August 9th. J P Morgan Chase & Co set a GBX 4,200 ($56.53) price objective on AstraZeneca and gave the stock a “neutral” rating in a report on Wednesday, August 9th. Finally, Goldman Sachs Group set a GBX 3,900 ($52.49) price objective on AstraZeneca and gave the stock a “sell” rating in a report on Friday, August 18th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. AstraZeneca has a consensus rating of “Hold” and an average price target of GBX 5,164.45 ($69.51).
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AstraZeneca Company Profile
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.
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