Mallinckrodt PLC (NYSE:MNK)‘s stock had its “buy” rating reaffirmed by analysts at Mizuho in a report issued on Saturday. They presently have a $89.00 price objective on the stock. Mizuho’s price target points to a potential upside of 63.03% from the stock’s current price.

A number of other analysts have also recently commented on MNK. Leerink Swann set a $91.00 price target on Mallinckrodt PLC and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Barclays PLC upped their price target on Mallinckrodt PLC from $75.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. set a $85.00 price target on Mallinckrodt PLC and gave the company a “hold” rating in a research note on Wednesday, August 3rd. TheStreet cut Mallinckrodt PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, November 1st. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $95.00 price target (up from $85.00) on shares of Mallinckrodt PLC in a research note on Thursday, August 4th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $89.54.

Analyst Recommendations for Mallinckrodt PLC (NYSE:MNK)

Shares of Mallinckrodt PLC (NYSE:MNK) traded down 1.32% during trading on Friday, reaching $54.59. 4,969,403 shares of the company traded hands. The stock’s 50 day moving average price is $65.17 and its 200-day moving average price is $66.65. The stock has a market cap of $5.88 billion, a P/E ratio of 10.29 and a beta of 1.62. Mallinckrodt PLC has a 12 month low of $50.90 and a 12 month high of $85.83.

Large investors have recently bought and sold shares of the stock. Strs Ohio boosted its stake in Mallinckrodt PLC by 0.4% in the second quarter. Strs Ohio now owns 861,671 shares of the company’s stock worth $52,372,000 after buying an additional 3,057 shares during the period. APG Asset Management N.V. boosted its stake in Mallinckrodt PLC by 17.6% in the third quarter. APG Asset Management N.V. now owns 193,933 shares of the company’s stock worth $13,533,000 after buying an additional 29,000 shares during the period. Mizuho Asset Management Co. Ltd. boosted its stake 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 during the period. PineBridge Investments L.P. boosted its stake in Mallinckrodt PLC by 614.6% in the second quarter. PineBridge Investments L.P. now owns 4,216 shares of the company’s stock worth $256,000 after buying an additional 3,626 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in Mallinckrodt PLC by 406.7% in the first quarter. Squarepoint Ops LLC now owns 66,058 shares of the company’s stock worth $4,048,000 after buying an additional 53,022 shares during the period. Institutional investors and hedge funds 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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