Deutsche Bank Reaffirms Their Hold Rating on AstraZeneca (AZN)
In a report released today, Emmanuel Papadakis from Deutsche Bank maintained a Hold rating on AstraZeneca (AZN – Research Report), with a price target of £110.00. The company's shares opened today at p10,720.00.
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Papadakis covers the Healthcare sector, focusing on stocks such as Novo Nordisk, AstraZeneca, and Novartis AG. According to TipRanks, Papadakis has an average return of 3.8% and a 52.91% success rate on recommended stocks.
Currently, the analyst consensus on AstraZeneca is a Moderate Buy with an average price target of p13,229.38.
Based on AstraZeneca's latest earnings release for the quarter ending March 30, the company reported a quarterly revenue of p13.59 billion and a net profit of p2.92 billion. In comparison, last year the company earned a revenue of p12.68 billion and had a net profit of p2.18 billion
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AZN in relation to earlier this year.
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