Trade Report: The Shire PLC’s (SHP) “Overweight” Rating Reiterate at JPMorgan Chase & Co.

The Shire PLC’s (SHP) “Overweight” Rating Reiterate at JPMorgan Chase & Co.

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

A number of other research analysts have also recently weighed in on SHP. BNP Paribas reiterated an “outperform” rating and set a GBX 5,700 ($71.21) price objective on shares of Shire PLC in a research report on Monday, August 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Shire PLC in a research report on Wednesday, August 3rd. Deutsche Bank AG reiterated a “buy” rating and set a GBX 6,000 ($74.96) price objective on shares of Shire PLC in a research report on Wednesday, August 3rd. Citigroup Inc. reiterated a “buy” rating on shares of Shire PLC in a research report on Wednesday, August 3rd. Finally, Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and set a GBX 6,300 ($78.71) price objective on shares of Shire PLC in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Shire PLC presently has a consensus rating of “Buy” and an average target price of GBX 5,992.27 ($74.87).

Shares of Shire PLC (LON:SHP) opened at 4652.50 on Monday. The firm’s 50-day moving average is GBX 4,877.05 and its 200-day moving average is GBX 4,732.37. Shire PLC has a 1-year low of GBX 2,707.19 and a 1-year high of GBX 5,377.00. The company’s market capitalization is GBX 41.88 billion.

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