Shire PLC (NASDAQ:SHPG) has received an average rating of “Buy” from the fourteen research firms that are covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $202.00.

A number of brokerages have commented on SHPG. BidaskClub upgraded Shire from a “hold” rating to a “buy” rating in a research report on Tuesday, December 25th. Cantor Fitzgerald set a $222.00 price target on Shire and gave the stock a “buy” rating in a research report on Thursday, December 20th. William Blair cut Shire from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 20th. SunTrust Banks cut Shire from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Finally, ValuEngine upgraded Shire from a “sell” rating to a “hold” rating in a research report on Thursday, December 6th.

Shares of NASDAQ:SHPG remained flat at $$179.20 during midday trading on Friday. The stock has a market cap of $54.71 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.54 and a beta of 0.87. The company has a quick ratio of 0.51, a current ratio of 0.92 and a debt-to-equity ratio of 0.36. Shire has a fifty-two week low of $123.73 and a fifty-two week high of $182.47.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SHPG. Comerica Bank lifted its stake in shares of Shire by 3.6% in the 3rd quarter. Comerica Bank now owns 18,773 shares of the biopharmaceutical company’s stock valued at $3,307,000 after purchasing an additional 659 shares during the last quarter. ING Groep NV bought a new stake in shares of Shire in the 3rd quarter valued at approximately $1,702,000. Candriam Luxembourg S.C.A. bought a new stake in shares of Shire in the 3rd quarter valued at approximately $2,642,000. MML Investors Services LLC bought a new stake in shares of Shire in the 3rd quarter valued at approximately $263,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Shire by 18.8% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 60,600 shares of the biopharmaceutical company’s stock valued at $10,985,000 after purchasing an additional 9,600 shares during the last quarter. 20.23% of the stock is owned by hedge funds and other institutional investors.

Shire Company Profile

Shire plc, a biotechnology company, researches, develops, licenses, manufactures, markets, distributes, and sells medicines for rare diseases and other specialized conditions worldwide. The company offers products in therapeutic areas, including hematology, genetic diseases, neuroscience, immunology, internal medicine, ophthalmology, and oncology.

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Analyst Recommendations for Shire (NASDAQ:SHPG)

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