AstraZeneca (AZN)

Sector:

Pharma and Biotech

Index:

FTSE 100

11,042.00p
   
  • Change Today:
    -164.00p
  • 52 Week High: 13,276.00
  • 52 Week Low: 9,501.00
  • Currency: UK Pounds
  • Shares Issued: 1,550.29m
  • Volume: 2,329,887
  • Market Cap: £171,184m
  • RiskGrade: 123

Credit Suisse upgrades GSK, downgrades AstraZeneca

By Michele Maatouk

Date: Thursday 15 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Credit Suisse upgraded GlaxoSmithKline on Thursday but downgraded AstraZeneca as it took a look at the pharmaceuticals sector.
The bank upped GSK to 'neutral' from 'underperform' but cut the price target to 1,430p from 1,630p, as it said the valuation provides support despite Zantac uncertainty. CS said the target price now includes an assumption of $5bn base case Zantac liability costs.

CS said recent underperformance in GSK shares has been driven by Zantac concerns, which are likely to remain an overhang for some time, with any outcome of litigation likely to take some years to play out.

"As the originator of Zantac and based on cumulative sales, we expect it is likely that GSK would bear a significant proportion of any liability in the event of a settlement," it said. "However, the circa $12bn wiped off GSK's market cap on Zantac concerns is much higher than what we might expect to be GSK's share of any settlement if settled at c.$100k/case as suggested by our recent expert call (GSK Zantac litigation; expert call notes)."

The bank downgraded AstraZeneca to 'neutral' from 'outperform', keeping the price target at 11,000p. It said AstraZeneca continues to score well in its 'PharmaValues 2023 Strategic Analysis'.

"AZN has a leading score for pipeline Replacement Power, Growth 2021-25 and portfolio Marketing Burden," CS said. "However, following strong year-to-date stock price performance, EV/NPV valuation is less attractive."

Credit Suisse said this underpins its view that investors are now familiar with many of the positive near-term drivers including Enhertu and lung cancer drug DS-1062.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AstraZeneca Market Data

Currency UK Pounds
Share Price 11,042.00p
Change Today -164.00p
% Change -1.46 %
52 Week High 13,276.00
52 Week Low 9,501.00
Volume 2,329,887
Shares Issued 1,550.29m
Market Cap £171,184m
RiskGrade 123

AstraZeneca Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.03% below the market average92.03% below the market average92.03% below the market average92.03% below the market average92.03% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
6.17% above the market average6.17% above the market average6.17% above the market average6.17% above the market average6.17% above the market average
51.02% above the sector average51.02% above the sector average51.02% above the sector average51.02% above the sector average51.02% above the sector average
Income
88.49% below the market average88.49% below the market average88.49% below the market average88.49% below the market average88.49% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Growth
88.65% above the market average88.65% above the market average88.65% above the market average88.65% above the market average88.65% above the market average
94.12% above the sector average94.12% above the sector average94.12% above the sector average94.12% above the sector average94.12% above the sector average

What The Brokers Say

Strong Buy 9
Buy 15
Neutral 5
Sell 0
Strong Sell 1
Total 30
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AstraZeneca Dividends

  Latest Previous
  1st Interim 2nd Interim
Ex-Div 08-Aug-24 22-Feb-24
Paid 09-Sep-24 25-Mar-24
Amount 100.00¢ 197.00¢

Trades for 31-Oct-2024

Time Volume / Share Price
16:09 179,211 @ 11,160.00p
16:51 488 @ 11,042.00p
16:51 142 @ 11,042.00p
16:35 3,725 @ 11,042.00p
16:35 75 @ 11,042.00p

AstraZeneca Key Personnel

Chair Michel Demare

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