After a few years of strong growth, AstraZeneca’s share price performance has been lacklustre this year, as the focus has shifted to positive developments at other big pharmas. Furthermore, the firm was not able to meet analyst expectations with its recent late-stage readout of a high-potential oncology drug. Nonetheless, the growth prospects remain robust which, along with improving profitability and a healthy balance sheet, make AstraZeneca an attractive investment proposition at the current s ....
22 Aug 2023
AstraZeneca – High growth at a reasonable price
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AstraZeneca – High growth at a reasonable price
AstraZeneca PLC (AZN:LON) | 12,498 -3999.4 (-0.3%) | Mkt Cap: 193,807m
- Published:
22 Aug 2023 -
Author:
Abhishek Raval -
Pages:
4 -
After a few years of strong growth, AstraZeneca’s share price performance has been lacklustre this year, as the focus has shifted to positive developments at other big pharmas. Furthermore, the firm was not able to meet analyst expectations with its recent late-stage readout of a high-potential oncology drug. Nonetheless, the growth prospects remain robust which, along with improving profitability and a healthy balance sheet, make AstraZeneca an attractive investment proposition at the current s ....