Shire PLC (LON:SHP) Receives Average Recommendation of “Buy” from Analysts

Shire PLC (LON:SHP) has been given an average recommendation of “Buy” by the twenty research firms that are currently covering the stock. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, sixteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 5,794.29 ($75.63).

Several equities research analysts recently issued reports on the company. HSBC decreased their price target on Shire PLC from GBX 5,250 ($68.53) to GBX 5,200 ($67.88) and set a ” hold” rating for the company in a report on Wednesday, September 28th. Shore Capital reiterated a “buy” rating on shares of Shire PLC in a report on Tuesday, June 14th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 5,600 ($73.10) price target on shares of Shire PLC in a report on Monday, June 13th. Liberum Capital upped their price target on Shire PLC from GBX 4,700 ($61.35) to GBX 5,500 ($71.79) and gave the stock a “buy” rating in a report on Wednesday, July 6th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 5,800 ($75.71) price target on shares of Shire PLC in a report on Wednesday, July 6th.

In other Shire PLC news, insider Dominic Blakemore purchased 133 shares of the stock in a transaction on Friday, September 30th. The shares were purchased at an average price of GBX 5,010 ($65.40) per share, with a total value of £6,663.30 ($8,697.69).

Shares of Shire PLC (LON:SHP) traded down 1.21% during midday trading on Wednesday, reaching GBX 5066.00. The company’s stock had a trading volume of 1,870,855 shares. The stock’s market cap is GBX 34.59 billion. Shire PLC has a one year low of GBX 2,707.19 and a one year high of GBX 5,377.00. The firm has a 50-day moving average of GBX 4,982.30 and a 200-day moving average of GBX 4,542.61.

The firm also recently declared a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 8th will be issued a GBX 3.51 ($0.05) dividend. The ex-dividend date is Thursday, September 8th. This represents a dividend yield of 0.07%.

About Shire PLC

Shire plc is a biotech company. The Company, along with its subsidiaries, is engaged in developing and marketing medicines for patients with rare diseases and other select conditions. The Company operates in the segment of research, development, licensing, manufacturing, marketing, distribution and sale of specialist medicines.

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