Trading Report: Today, Shire PLC (SHP) Receives “Overweight” Rating from JPMorgan Chase & Co.

Today, Shire PLC (SHP) Receives “Overweight” Rating from JPMorgan Chase & Co.

Shire PLC (LON:SHP)‘s stock had its “overweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research note issued on Monday.

Several other brokerages also recently commented on SHP. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 6,000 ($74.26) price objective on shares of Shire PLC in a research report on Wednesday, July 13th. Liberum Capital reaffirmed 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. reaffirmed 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 reaffirmed 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. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 5,800 ($71.78) price objective on shares of Shire PLC in a research report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 5,841.33 ($72.29).

Shire PLC (LON:SHP) opened at 5118.00 on Monday. The firm’s market capitalization is GBX 34.95 billion. Shire PLC has a one year low of GBX 2,707.19 and a one year high of GBX 5,377.00. The company’s 50-day moving average is GBX 5,005.03 and its 200-day moving average is GBX 4,600.81.

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

In other news, insider Dominic Blakemore acquired 133 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The stock was bought 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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