JPMorgan Chase & Co. Reiterates Overweight Rating for AstraZeneca (LON:AZN)

JPMorgan Chase & Co. reissued their overweight rating on shares of AstraZeneca (LON:AZN) in a research note issued to investors on Friday, February 2nd. The brokerage currently has a GBX 5,500 ($75.99) price target on the biopharmaceutical company’s stock.

A number of other equities research analysts also recently weighed in on AZN. Barclays reiterated an overweight rating and issued a GBX 6,300 ($87.04) price target on shares of AstraZeneca in a report on Thursday, October 5th. Deutsche Bank reiterated a buy rating and issued a GBX 5,600 ($77.37) price target on shares of AstraZeneca in a report on Thursday, October 5th. upped their price objective on AstraZeneca from GBX 4,100 ($56.65) to GBX 4,150 ($57.34) and gave the stock a reduce rating in a research note on Monday, October 9th. Shore Capital restated a hold rating on shares of AstraZeneca in a research note on Monday, October 9th. Finally, UBS Group set a GBX 4,550 ($62.86) price objective on AstraZeneca and gave the stock a neutral rating in a research note on Monday, October 9th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of GBX 5,211.65 ($72.00).

AstraZeneca (LON:AZN) opened at GBX 4,860 ($67.15) on Friday. AstraZeneca has a 52-week low of GBX 4,260 ($58.86) and a 52-week high of GBX 5,520 ($76.26). The stock has a market capitalization of $61,540.00 and a P/E ratio of 2,858.82.

The company also recently announced a dividend, which will be paid on Monday, March 19th. Shareholders of record on Thursday, February 15th will be given a GBX 133.60 ($1.85) dividend. This is a positive change from AstraZeneca’s previous dividend of $68.90. This represents a yield of 2.8%. The ex-dividend date of this dividend is Thursday, February 15th.

In other news, insider Philip A. J. Broadley bought 415 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were bought at an average cost of GBX 4,846 ($66.95) per share, with a total value of £20,110.90 ($27,785.16).

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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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