AstraZeneca’s (AZN) Buy Rating Reaffirmed at Citigroup

Citigroup reaffirmed their buy rating on shares of AstraZeneca (LON:AZN) in a research report report published on Wednesday morning. The brokerage currently has a GBX 6,000 ($81.37) price target on the biopharmaceutical company’s stock.

Other equities research analysts also recently issued research reports about the company. Investec upped their target price on AstraZeneca from GBX 4,900 ($66.45) to GBX 5,500 ($74.59) and gave the stock a buy rating in a research report on Monday, November 6th. Berenberg Bank set a GBX 5,800 ($78.65) target price on AstraZeneca and gave the stock a buy rating in a research report on Tuesday, September 19th. Barclays set a GBX 6,300 ($85.44) target price on AstraZeneca and gave the stock a buy rating in a research report on Wednesday, September 13th. Jefferies Group reissued a hold rating and issued a GBX 5,100 ($69.16) price target on shares of AstraZeneca in a report on Monday, November 6th. Finally, JPMorgan Chase & Co. reissued a neutral rating on shares of AstraZeneca in a report on Friday, November 10th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 5,200.82 ($70.53).

Shares of AstraZeneca (LON:AZN) remained flat at $GBX 5,132 ($69.60) during midday trading on Wednesday. The stock had a trading volume of 1,835,225 shares, compared to its average volume of 1,720,000. AstraZeneca has a 12 month low of GBX 4,136.50 ($56.10) and a 12 month high of GBX 5,520 ($74.86). The company has a market cap of $64,820.00 and a PE ratio of 2,479.23.

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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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