Shire PLC (LON:SHP) Receives Average Recommendation of “Buy” from Analysts
Shares of Shire PLC (LON:SHP) have been given an average rating of “Buy” by the twenty analysts that are covering the firm. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, sixteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 5,794.29 ($75.63).
A number of equities analysts have recently commented on SHP shares. Citigroup Inc. reissued a “buy” rating on shares of Shire PLC in a research report on Monday, September 19th. HSBC lowered shares of Shire PLC to a “hold” rating and dropped their price target for the company from GBX 5,400 ($70.49) to GBX 5,250 ($68.53) in a research report on Monday, September 26th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Shire PLC in a research report on Friday, July 22nd. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 6,300 ($82.23) target price on shares of Shire PLC in a research report on Tuesday, July 12th. Finally, BNP Paribas reaffirmed an “outperform” rating and set a GBX 5,700 ($74.40) target price on shares of Shire PLC in a research report on Tuesday, July 26th.
Shire PLC (LON:SHP) traded down 1.21% on Wednesday, hitting GBX 5066.00. 1,870,855 shares of the stock were exchanged. Shire PLC has a 1-year low of GBX 2,707.19 and a 1-year high of GBX 5,377.00. The company’s 50 day moving average is GBX 4,982.30 and its 200 day moving average is GBX 4,542.61. The stock’s market cap is GBX 34.59 billion.
The business also recently declared a dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 8th will be given a dividend of GBX 3.51 ($0.05) per share. The ex-dividend date is Thursday, September 8th. This represents a yield of 0.07%.
In related news, insider Dominic Blakemore purchased 133 shares of Shire PLC stock in a transaction that occurred on Friday, September 30th. The shares were acquired at an average price of GBX 5,010 ($65.40) per share, for a total transaction of £6,663.30 ($8,697.69).
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.
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