Today: Today, Shire PLC (SHP) Given Buy Rating at AlphaValue

Today, Shire PLC (SHP) Given Buy Rating at AlphaValue

Shire PLC (LON:SHP)‘s stock had its “buy” rating reissued by equities researchers at AlphaValue in a research note issued on Monday. They presently have a GBX 6,714 ($83.88) price objective on the biopharmaceutical company’s stock. AlphaValue’s price target would indicate a potential upside of 43.19% from the company’s previous close.

Several other research analysts have also issued reports on SHP. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 6,300 ($78.71) price target (up previously from GBX 5,600 ($69.97)) on shares of Shire PLC in a report on Monday, August 1st. Jefferies Group increased their price target on Shire PLC from GBX 6,050 ($75.59) to GBX 6,600 ($82.46) and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 6,000 ($74.96) price target on shares of Shire PLC in a report on Monday, September 19th. Citigroup Inc. reiterated a “buy” rating on shares of Shire PLC in a report on Wednesday, July 13th. Finally, Credit Suisse Group AG increased their price objective on Shire PLC from GBX 5,000 ($62.47) to GBX 5,200 ($64.97) and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Shire PLC has a consensus rating of “Buy” and an average price target of GBX 5,992.27 ($74.87).

Shire PLC (LON:SHP) traded up 0.83% during mid-day trading on Monday, reaching GBX 4689.00. The company had a trading volume of 2,134,202 shares. Shire PLC has a 12-month low of GBX 2,707.19 and a 12-month high of GBX 5,562.83. The company’s market capitalization is GBX 42.21 billion. The stock has a 50-day moving average of GBX 4,877.05 and a 200 day moving average of GBX 4,732.37.

In other news, insider Dominic Blakemore acquired 133 shares of Shire PLC stock in a transaction on Friday, September 30th. The stock was acquired at an average cost of GBX 5,010 ($62.59) per share, with a total value of £6,663.30 ($8,324.96).

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