Mallinckrodt PLC (NYSE:MNK) has been assigned a consensus rating of “Buy” from the nineteen ratings firms that are presently covering the stock. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $89.08.

Several research analysts have recently issued reports on the company. Vetr downgraded Mallinckrodt PLC from a “buy” rating to a “hold” rating and set a $83.20 price target for the company. in a research note on Wednesday, August 17th. Mizuho lifted their price target on Mallinckrodt PLC from $83.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. set a $85.00 price target on Mallinckrodt PLC and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded shares of Mallinckrodt PLC from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Finally, Guggenheim reissued a “buy” rating and issued a $98.00 target price on shares of Mallinckrodt PLC in a research note on Wednesday, August 3rd.

Shares of Mallinckrodt PLC (NYSE:MNK) opened at 55.32 on Tuesday. Mallinckrodt PLC has a 12 month low of $50.90 and a 12 month high of $85.83. The firm has a market cap of $5.96 billion, a PE ratio of 10.43 and a beta of 1.62. The stock’s 50 day moving average is $64.05 and its 200 day moving average is $66.61.

A number of institutional investors have recently added to or reduced their stakes in MNK. Penserra Capital Management LLC boosted its position in Mallinckrodt PLC by 100.0% in the third quarter. Penserra Capital Management LLC now owns 1,440 shares of the company’s stock worth $100,000 after buying an additional 720 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in Mallinckrodt PLC by 125.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,771 shares of the company’s stock worth $108,000 after buying an additional 984 shares in the last quarter. NEXT Financial Group Inc boosted its position in Mallinckrodt PLC by 5.2% in the third quarter. NEXT Financial Group Inc now owns 1,676 shares of the company’s stock worth $117,000 after buying an additional 83 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Mallinckrodt PLC during the third quarter worth $119,000. Finally, Rational Advisors LLC bought a new position in Mallinckrodt PLC during the second quarter worth $137,000. Hedge funds and other institutional investors own 94.77% of the company’s stock.

About Mallinckrodt PLC

Mallinckrodt public limited company (Mallinckrodt) is engaged in the specialty pharmaceuticals and nuclear imaging business. The Company develops, manufactures, markets and distributes specialty pharmaceutical and biopharmaceutical products, and nuclear imaging agents. The Company’s segments include Specialty Brands, Specialty Generics and Nuclear Imaging.

5 Day Chart for NYSE:MNK

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