AstraZeneca (LON:AZN) PT Set at GBX 5,500 by JPMorgan Chase & Co.

JPMorgan Chase & Co. set a GBX 5,500 ($75.99) price objective on AstraZeneca (LON:AZN) in a research report released on Thursday, February 8th. The firm currently has a buy rating on the biopharmaceutical company’s stock.

A number of other equities analysts also recently commented on the company. Goldman Sachs Group restated a sell rating and issued a GBX 3,800 ($52.50) price objective on shares of AstraZeneca in a report on Tuesday, October 17th. Barclays reiterated an overweight rating and issued a GBX 6,300 ($87.04) target price on shares of AstraZeneca in a research note on Monday, December 18th. Credit Suisse Group upgraded AstraZeneca from a neutral rating to an outperform rating and raised their price objective for the company from GBX 4,800 ($66.32) to GBX 5,800 ($80.13) in a research note on Monday, October 16th. Deutsche Bank raised their price objective on AstraZeneca from GBX 5,600 ($77.37) to GBX 5,700 ($78.75) and gave the company a buy rating in a research note on Tuesday, December 5th. Finally, Morgan Stanley set a GBX 4,700 ($64.94) target price on AstraZeneca and gave the stock a neutral rating in a report on Friday, October 20th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 5,211.65 ($72.00).

AstraZeneca (AZN) opened at GBX 4,696.40 ($64.89) on Thursday. The firm has a market capitalization of $60,920.00 and a PE ratio of 2,746.43. AstraZeneca has a 12-month low of GBX 4,260 ($58.86) and a 12-month high of GBX 5,520 ($76.26).

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

In other AstraZeneca news, insider Philip A. J. Broadley purchased 415 shares of the stock in a transaction dated Friday, February 2nd. The shares were acquired at an average price of GBX 4,846 ($66.95) per share, for a total transaction 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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