Analysts Set Shire PLC (SHP) Target Price at $5,875.60
Shares of Shire PLC (LON:SHP) have received an average recommendation of “Buy” from the nineteen brokerages that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 5,906 ($76.67).
SHP has been the topic of several recent analyst reports. Barclays PLC reissued an “overweight” rating and issued a GBX 6,300 ($81.79) price target on shares of Shire PLC in a research note on Monday, July 3rd. Beaufort Securities reissued a “long term buy” rating and issued a GBX 4,900 ($63.61) price target (down from GBX 6,200 ($80.49)) on shares of Shire PLC in a research note on Friday, August 4th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 6,000 ($77.89) price target on shares of Shire PLC in a research note on Friday, May 19th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 5,400 ($70.10) price target on shares of Shire PLC in a research note on Wednesday, May 3rd. Finally, Deutsche Bank AG reissued a “buy” rating and issued a GBX 6,100 ($79.19) price target on shares of Shire PLC in a research note on Friday, May 19th.
Shire PLC (SHP) traded up 3.10% during mid-day trading on Friday, reaching GBX 3725.00. The company had a trading volume of 2,856,092 shares. The firm’s 50-day moving average is GBX 4,092.20 and its 200-day moving average is GBX 4,494.08. Shire PLC has a one year low of GBX 3,603.50 and a one year high of GBX 5,377.00. The firm’s market capitalization is GBX 33.76 billion.
The business also recently declared a dividend, which will be paid on Friday, October 20th. Investors of record on Thursday, September 7th will be issued a dividend of GBX 3.85 ($0.05) per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a yield of 0.1%.
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In related news, insider Flemming Ornskov purchased 8,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average price of GBX 3,665 ($47.58) per share, for a total transaction of £307,860 ($399,662.47). Also, insider Dominic Blakemore purchased 152 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were bought at an average price of GBX 4,255 ($55.24) per share, with a total value of £6,467.60 ($8,396.21).
Shire PLC Company Profile
Shire plc is a biotech company focused on serving people with rare diseases and other specialized conditions. The Company’s segment is engaged in research, development, licensing, manufacturing, marketing, distribution and sale of specialist medicines. It focuses its development resources on projects in various therapeutic areas (TAs), including Neuroscience, Ophthalmology, Hematology, Oncology, Immunology, Gastrointestinal (GI)/Metabolic/Endocrinology Diseases.
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