AstraZeneca (AZN) Price Target Raised to GBX 4,380 at HSBC

AstraZeneca (LON:AZN) had its price target increased by research analysts at HSBC from GBX 4,340 ($58.41) to GBX 4,380 ($58.95) in a report issued on Thursday, November 16th. The brokerage currently has a “reduce” rating on the biopharmaceutical company’s stock. HSBC’s target price suggests a potential downside of 7.69% from the stock’s current price.

Other analysts also recently issued reports about the company. Credit Suisse Group decreased their price target on AstraZeneca from GBX 5,000 ($67.29) to GBX 4,700 ($63.26) and set a “neutral” rating for the company in a research report on Friday, July 28th. Shore Capital reissued a “hold” rating on shares of AstraZeneca in a report on Wednesday, August 2nd. Goldman Sachs Group set a GBX 3,900 ($52.49) price objective on AstraZeneca and gave the company a “sell” rating in a report on Wednesday, August 2nd. Investec raised their price target on AstraZeneca from GBX 4,900 ($65.95) to GBX 5,500 ($74.02) and gave the stock a “buy” rating in a report on Monday, November 6th. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 5,500 ($74.02) price target on shares of AstraZeneca in a report on Tuesday, August 1st. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. AstraZeneca has a consensus rating of “Hold” and a consensus price target of GBX 5,164.45 ($69.51).

Shares of AstraZeneca (LON:AZN) traded down GBX 22 ($0.30) on Thursday, hitting GBX 4,745 ($63.86). The company had a trading volume of 1,823,066 shares, compared to its average volume of 2,180,000. AstraZeneca has a one year low of GBX 3,996 ($53.78) and a one year high of GBX 5,520 ($74.29).

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About AstraZeneca

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 (LON:AZN)

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