The Shire PLC’s (SHP) “Buy” Rating Reiterated at Deutsche Bank AG

The Shire PLC’s (SHP) “Buy” Rating Reiterated at Deutsche Bank AG

Shire PLC (LON:SHP)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank AG in a research report issued on Wednesday. They currently have a GBX 6,200 ($76.73) price target on the biopharmaceutical company’s stock. Deutsche Bank AG’s target price suggests a potential upside of 18.77% from the stock’s current price.

Several other research firms have also recently weighed in on SHP. Liberum Capital reissued a “buy” rating and set a GBX 5,500 ($68.07) price objective on shares of Shire PLC in a research report on Friday, July 29th. Goldman Sachs Group Inc. reissued a “conviction-buy” rating and set a GBX 6,300 ($77.97) price objective on shares of Shire PLC in a research report on Thursday, September 29th. BNP Paribas reissued an “outperform” rating and set a GBX 5,700 ($70.54) price objective on shares of Shire PLC in a research report on Monday, August 1st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 5,800 ($71.78) price target on shares of Shire PLC in a report on Wednesday, July 6th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Shire PLC in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 5,841.33 ($72.29).

Shares of Shire PLC (LON:SHP) opened at 5170.00 on Wednesday. The firm’s 50-day moving average price is GBX 5,001.78 and its 200-day moving average price is GBX 4,587.48. Shire PLC has a 52 week low of GBX 2,707.19 and a 52 week high of GBX 5,377.00. The firm’s market cap is GBX 35.30 billion.

The firm also recently disclosed a dividend, which was paid on Friday, October 7th. Investors of record on Thursday, September 8th were paid a dividend of GBX 3.51 ($0.04) per share. This represents a yield of 0.07%. The ex-dividend date was Thursday, September 8th.

In other Shire PLC news, insider Dominic Blakemore acquired 133 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The shares were acquired at an average price of GBX 5,010 ($62.00) per share, with a total value of £6,663.30 ($8,246.66).

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