Shire PLC (SHP) Price Target Increased to GBX 6,000 by Analysts at Berenberg Bank
Shire PLC (LON:SHP) had its price objective upped by Berenberg Bank from GBX 5,900 ($77.60) to GBX 6,000 ($78.92) in a research note published on Monday morning. Berenberg Bank currently has a buy rating on the biopharmaceutical company’s stock.
A number of other research analysts have also commented on the stock. Goldman Sachs Group, Inc. (The) reiterated a conviction-buy rating on shares of Shire PLC in a research note on Tuesday, October 17th. Deutsche Bank AG reiterated a buy rating and set a GBX 6,000 ($78.92) price objective on shares of Shire PLC in a research note on Friday, August 4th. Morgan Stanley lowered their price objective on shares of Shire PLC from GBX 5,800 ($76.29) to GBX 5,700 ($74.97) and set an overweight rating on the stock in a research note on Thursday, October 12th. Shore Capital reiterated a buy rating on shares of Shire PLC in a research note on Thursday, October 26th. Finally, Liberum Capital reiterated a hold rating and set a GBX 4,900 ($64.45) price objective on shares of Shire PLC in a research note on Tuesday, July 18th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Shire PLC currently has an average rating of Buy and a consensus target price of GBX 5,358.82 ($70.48).
Shire PLC (SHP) opened at GBX 3,547 ($46.65) on Monday. Shire PLC has a 12 month low of GBX 3,435.50 ($45.19) and a 12 month high of GBX 5,186 ($68.21).
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In other news, insider Anne Minto acquired 190 shares of the stock in a transaction on Friday, September 29th. The shares were purchased at an average cost of GBX 3,785 ($49.78) per share, for a total transaction of £7,191.50 ($9,458.77). Also, insider Flemming Ornskov acquired 8,400 shares of the stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average price of GBX 3,665 ($48.20) per share, for a total transaction of £307,860 ($404,919.11).
About Shire PLC
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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