Trade Report: The Shire PLC (SHP) Rating Reiterate by Deutsche Bank AG

The Shire PLC (SHP) Rating Reiterate by Deutsche Bank AG

Shire PLC (LON:SHP)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank AG in a research note issued on Wednesday. They currently have a GBX 6,200 ($77.46) price objective on the biopharmaceutical company’s stock. Deutsche Bank AG’s price target suggests a potential upside of 32.22% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Liberum Capital boosted their price objective on shares of Shire PLC from GBX 4,700 ($58.72) to GBX 5,500 ($68.72) and gave the stock a “buy” rating in a research note on Wednesday, July 6th. Shore Capital reissued a “buy” rating on shares of Shire PLC in a research note on Thursday, July 7th. Berenberg Bank reissued a “buy” rating and issued a GBX 5,800 ($72.46) price objective on shares of Shire PLC in a research note on Wednesday, July 6th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a GBX 6,300 ($78.71) price objective on shares of Shire PLC in a research note on Tuesday, July 12th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 5,600 ($69.97) price objective on shares of Shire PLC in a research note on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Shire PLC currently has a consensus rating of “Buy” and an average price target of GBX 5,992.27 ($74.87).

Shire PLC (LON:SHP) traded up 0.828% during mid-day trading on Wednesday, hitting GBX 4687.764. The company’s stock had a trading volume of 2,134,202 shares. The firm’s market cap is GBX 42.20 billion. Shire PLC has a 52-week low of GBX 2,707.19 and a 52-week high of GBX 5,377.00. The firm 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 the firm’s stock in a transaction on Friday, September 30th. The stock was purchased 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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