Mallinckrodt PLC (NYSE:MNK)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank AG in a research note issued on Monday. They presently have a $78.00 target price on the stock. Deutsche Bank AG’s target price indicates a potential upside of 39.29% from the company’s previous close.

A number of other analysts have also weighed in on MNK. Leerink Swann set a $91.00 target price on Mallinckrodt PLC and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Barclays PLC raised their target price 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 target price on Mallinckrodt PLC and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Jefferies Group restated a “buy” rating and issued a $95.00 target price (up from $85.00) on shares of Mallinckrodt PLC in a research note on Thursday, August 4th. Finally, TheStreet lowered Mallinckrodt PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, November 1st. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently 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) opened at 56.00 on Monday. Mallinckrodt PLC has a 1-year low of $50.90 and a 1-year high of $85.83. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 10.56 and a beta of 1.62. The firm’s 50-day moving average is $62.87 and its 200-day moving average is $66.57.

Institutional investors have recently modified their holdings of the company. A.R.T. Advisors LLC acquired a new position in shares of Mallinckrodt PLC during the first quarter valued at $2,314,000. Babson Capital Management LLC boosted its position in shares of Mallinckrodt PLC by 299.6% in the first quarter. Babson Capital Management LLC now owns 75,228 shares of the company’s stock valued at $4,610,000 after buying an additional 56,400 shares in the last quarter. Peconic Partners LLC acquired a new position in shares of Mallinckrodt PLC during the first quarter valued at $692,000. Squarepoint Ops LLC boosted its position in shares of Mallinckrodt PLC by 406.7% in the first quarter. Squarepoint Ops LLC now owns 66,058 shares of the company’s stock valued at $4,048,000 after buying an additional 53,022 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its position in shares of Mallinckrodt PLC by 3.9% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 28,299 shares of the company’s stock valued at $1,720,000 after buying an additional 1,050 shares in the last quarter. 92.17% of the stock is owned by institutional investors.

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Mallinckrodt PLC Company Profile

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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