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UBS Reaffirms Their Buy Rating on AstraZeneca (AZN)

Tipranks - Sat Jan 17, 3:28AM CST

In a report released today, Matthew Weston from UBS maintained a Buy rating on AstraZeneca, with a price target of p16,300.00.

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Weston covers the Healthcare sector, focusing on stocks such as Novo Nordisk, Roche Holding AG, and GlaxoSmithKline. According to TipRanks, Weston has an average return of 11.6% and an 81.05% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AstraZeneca with a p14,433.18 average price target.

Based on AstraZeneca’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of p15.19 billion and a net profit of p2.53 billion. In comparison, last year the company earned a revenue of p13.96 billion and had a net profit of p1.47 billion

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AZN in relation to earlier this year.

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