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AstraZeneca (AZN) Receives a Buy from Berenberg Bank

AstraZeneca (AZN) Receives a Buy from Berenberg Bank

In a report released yesterday, Luisa Hector from Berenberg Bank maintained a Buy rating on AstraZeneca, with a price target of £142.00. The company's shares closed yesterday at p10,340.00.
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According to TipRanks, Hector is a 3-star analyst with an average return of 3.0% and a 56.25% success rate. Hector covers the Healthcare sector, focusing on stocks such as Sanofi, AstraZeneca, and Roche Holding AG.
In addition to Berenberg Bank, AstraZeneca also received a Buy from UBS's Matthew Weston in a report issued on July 7. However, yesterday, Deutsche Bank reiterated a Hold rating on AstraZeneca (LSE: AZN).
AZN market cap is currently £158.4B and has a P/E ratio of 25.91.
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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