Deutsche Bank Keeps Their Sell Rating on AstraZeneca (AZN)
Deutsche Bank analyst Emmanuel Papadakis maintained a Sell rating on AstraZeneca today and set a price target of £115.00.
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Papadakis covers the Healthcare sector, focusing on stocks such as GlaxoSmithKline, AstraZeneca, and Novo Nordisk. According to TipRanks, Papadakis has an average return of 3.7% and a 51.27% success rate on recommended stocks.
AstraZeneca has an analyst consensus of Moderate Buy, with a price target consensus of p15,732.10.
Based on AstraZeneca’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p15.5 billion and a net profit of p2.33 billion. In comparison, last year the company earned a revenue of p14.54 billion and had a net profit of p1.46 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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