Deutsche Bank Boosts AstraZeneca (AZN) Price Target to GBX 5,700

AstraZeneca (LON:AZN) had its price objective increased by Deutsche Bank from GBX 5,600 ($75.37) to GBX 5,700 ($76.72) in a report released on Tuesday. They currently have a buy rating on the biopharmaceutical company’s stock.

A number of other equities research analysts have also recently commented on AZN. Investec lifted their price objective on AstraZeneca from GBX 4,900 ($65.95) to GBX 5,500 ($74.02) and gave the stock a buy rating in a research note on Monday, November 6th. 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 research note on Wednesday, August 9th. Barclays reaffirmed an overweight rating and set a GBX 5,500 ($74.02) price objective on shares of AstraZeneca in a research note on Monday, August 7th. Morgan Stanley reaffirmed an equal weight rating and set a GBX 5,000 ($67.29) price objective on shares of AstraZeneca in a research note on Friday, December 1st. Finally, Shore Capital reiterated a hold rating on shares of AstraZeneca in a report on Monday. Four 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’s stock. AstraZeneca currently has an average rating of Hold and a consensus price target of GBX 5,169 ($69.57).

Shares of AstraZeneca (LON:AZN) opened at GBX 4,708.61 ($63.37) on Tuesday. AstraZeneca has a 52 week low of GBX 4,007 ($53.93) and a 52 week 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.

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