Liberum Capital cut shares of Shire (LON:SHP) to a hold rating in a report issued on Wednesday. The brokerage currently has GBX 4,100 ($55.18) price target on the biopharmaceutical company’s stock, down from their previous price target of GBX 4,200 ($56.53).

A number of other analysts also recently weighed in on the stock. Deutsche Bank reaffirmed a buy rating on shares of Shire in a report on Monday, December 11th. Citigroup reaffirmed a buy rating and set a GBX 5,500 ($74.02) price target on shares of Shire in a report on Friday, December 8th. Morgan Stanley reaffirmed an overweight rating and set a GBX 5,700 ($76.72) price target on shares of Shire in a report on Friday, December 1st. Societe Generale upped their price target on shares of Shire from GBX 7,500 ($100.94) to GBX 8,000 ($107.67) and gave the stock a buy rating in a report on Wednesday, November 29th. Finally, Goldman Sachs Group reaffirmed a conviction-buy rating and set a GBX 6,000 ($80.75) price target on shares of Shire in a report on Friday, November 24th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of GBX 5,272.22 ($70.96).

Shares of Shire (LON SHP) traded up GBX 52.50 ($0.71) during trading on Wednesday, hitting GBX 3,916 ($52.71). 2,846,007 shares of the stock were exchanged, compared to its average volume of 2,510,000. Shire has a 12 month low of GBX 3,435.50 ($46.24) and a 12 month high of GBX 5,067 ($68.20).

In other Shire news, insider Dominic Blakemore purchased 165 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was purchased at an average price of GBX 3,790 ($51.01) per share, with a total value of £6,253.50 ($8,416.55). Also, insider Anne Minto acquired 190 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were purchased at an average price of GBX 3,785 ($50.94) per share, with a total value of £7,191.50 ($9,679.00).

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About Shire

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.

Analyst Recommendations for Shire (LON:SHP)

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