UBS Reaffirms Their Buy Rating on AstraZeneca (AZN)
In a report released today, Matthew Weston from UBS maintained a Buy rating on AstraZeneca, with a price target of p16,300.00.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.
Read More on GB:AZN:
Disclaimer & DisclosureReport an Issue
- White House releases details on Trump ‘Great Healthcare Plan’
- Former Emergent BioSolutions CEO sued by NY AG for insider trading
- Trump Trade: Trump administration moves to end pharma trade probe
- Hutchmed reports publication of SACHI results in The Lancet
- Trump administration moves to end U.S. pharma trade probe, Endpoints News says
