Shore Capital Reiterates “Buy” Rating for Shire PLC (SHP)
Shire PLC (LON:SHP)‘s stock had its “buy” rating reaffirmed by Shore Capital in a report issued on Friday.
SHP has been the topic of a number of other research reports. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 6,600 ($82.48) price objective on shares of Shire PLC in a research note on Monday, October 31st. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 6,200 ($77.48) price objective on shares of Shire PLC in a research note on Monday, November 14th. Bryan, Garnier & Co reaffirmed a “buy” rating and set a GBX 6,900 ($86.23) price objective on shares of Shire PLC in a research note on Monday, October 17th. Liberum Capital reaffirmed a “buy” rating and set a GBX 5,500 ($68.73) price objective on shares of Shire PLC in a research note on Thursday, November 3rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 5,200 ($64.98) price objective on shares of Shire PLC in a research note on Wednesday, November 2nd. Fifteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 6,048.86 ($75.59).
Shares of Shire PLC (LON:SHP) traded up 3.79% during midday trading on Friday, reaching GBX 4763.00. 4,102,810 shares of the company traded hands. The firm’s market capitalization is GBX 42.88 billion. Shire PLC has a 1-year low of GBX 2,707.19 and a 1-year high of GBX 5,377.00. The stock has a 50 day moving average price of GBX 4,576.51 and a 200 day moving average price of GBX 4,788.88.
The company also recently disclosed a dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Thursday, March 9th will be issued a GBX 20.64 ($0.26) dividend. The ex-dividend date is Thursday, March 9th. This represents a yield of 0.43%. This is a positive change from Shire PLC’s previous dividend of $3.51.
This piece was reported by Daily Political and is the property of of Daily Political. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this piece can be accessed at http://www.dailypolitical.com/2017/02/16/shore-capital-reiterates-buy-rating-for-shire-plc-shp.html.
In other news, insider Olivier Bohuon acquired 141 shares of the firm’s stock in a transaction on Friday, December 16th. The shares were bought at an average price of GBX 4,528 ($56.59) per share, for a total transaction of £6,384.48 ($7,978.61).
About Shire PLC
Shire plc is a biotech company. The Company, along with its subsidiaries, is engaged in developing and marketing medicines for patients with rare diseases and other select conditions. The Company operates in the segment of research, development, licensing, manufacturing, marketing, distribution and sale of specialist medicines.
Receive News & Ratings for Shire PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shire PLC and related companies with MarketBeat.com's FREE daily email newsletter.