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 reaffirmed by analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. They presently have a GBX 6,300 ($78.71) target price on the biopharmaceutical company’s stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 34.36% from the company’s previous close.

Several other equities analysts also recently weighed in on SHP. Jefferies Group raised their target price on shares of Shire PLC from GBX 6,050 ($75.59) to GBX 6,600 ($82.46) and gave the company a “buy” rating in a report on Wednesday, August 3rd. Deutsche Bank AG reiterated a “buy” rating and set 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. Credit Suisse Group AG lifted their price target on shares of Shire PLC from GBX 5,000 ($62.47) to GBX 5,200 ($64.97) and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Shire PLC in a report on Wednesday, August 3rd. One investment 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. The company has a consensus rating of “Buy” and a consensus price target of GBX 5,992.27 ($74.87).

Shire PLC (LON:SHP) traded up 0.828% during midday trading on Wednesday, reaching GBX 4687.764. 2,134,202 shares of the company’s stock were exchanged. 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 capitalization is GBX 42.20 billion. The stock’s 50 day moving average is GBX 4,877.05 and its 200 day moving average is GBX 4,732.37.

In other news, insider Dominic Blakemore bought 133 shares of Shire PLC stock in a transaction dated Friday, September 30th. The shares were 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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