Trade Report: The JPMorgan Chase & Co. Reaffirmed “Overweight” Rating for Shire PLC (SHP)

The JPMorgan Chase & Co. Reaffirmed “Overweight” Rating for Shire PLC (SHP)

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

Other equities research analysts have also recently issued reports about the company. Jefferies Group boosted their price objective on Shire PLC from GBX 6,050 ($75.59) to GBX 6,600 ($82.46) and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Citigroup Inc. reiterated a “buy” rating on shares of Shire PLC in a research report on Wednesday, August 3rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Shire PLC in a research report on Wednesday, August 3rd. Credit Suisse Group AG upped their price target on Shire PLC from GBX 5,000 ($62.47) to GBX 5,200 ($64.97) and gave the company an “outperform” rating in a research report on Wednesday, August 3rd. Finally, Deutsche Bank AG reiterated a “buy” rating and set a GBX 6,200 ($77.46) price target on shares of Shire PLC in a research report on Wednesday, November 2nd. One equities research analyst has rated the stock with a sell rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Shire PLC presently has an average rating of “Buy” and a consensus price target of GBX 5,992.27 ($74.87).

Shares of Shire PLC (LON:SHP) opened at 4653.50 on Monday. The stock has a 50 day moving average of GBX 4,877.05 and a 200-day moving average of GBX 4,732.37. The firm’s market capitalization is GBX 41.89 billion. Shire PLC has a 1-year low of GBX 2,707.19 and a 1-year high of GBX 5,377.00.

In other Shire PLC news, insider Dominic Blakemore bought 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 ($62.59) per share, for a total transaction of £6,663.30 ($8,324.96).

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