Shire Plc. Hits New 52-Week High at $117.05 (SHPG)
Shares of Shire Plc. (NASDAQ:SHPG) hit a new 52-week high during trading on Tuesday, AnalystRatingsNetwork.com reports. The stock traded as high as $117.05 and last traded at $116.81, with a volume of 375,133 shares trading hands. The stock had previously closed at $115.83.
A number of analysts have recently weighed in on SHPG shares. Analysts at Sanford C. Bernstein initiated coverage on shares of Shire Plc. (NASDAQ:SHPG) in a research note to investors on Tuesday, September 3rd. They set an “outperform” rating on the stock. Separately, analysts at SunTrust upgraded shares of Shire Plc. (NASDAQ:SHPG) from a “neutral” rating to a “buy” rating in a research note to investors on Monday, July 29th. They now have a $125.00 price target on the stock, up previously from $100.00. Finally, analysts at Lazard Capital Markets set a $122.00 price target on shares of Shire Plc. (NASDAQ:SHPG) in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock.
Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $114.17.
Shire Plc. has a 1-year low of $81.76 and a 1-year high of $117.05. The stock has a 50-day moving average of $111.3 and a 200-day moving average of $98.65. The company has a market cap of $21.425 billion and a P/E ratio of 36.60.
Shire Plc. (NASDAQ:SHPG) last announced its earnings results on Thursday, July 25th. The company reported $1.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.60 by $0.19. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company posted $1.68 earnings per share. Shire Plc.’s revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Shire Plc. will post $6.85 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Thursday, October 3rd. Shareholders of record on Friday, September 6th will be given a dividend of $0.09 per share. This represents a yield of 0.16%. The ex-dividend date of this dividend is Wednesday, September 4th.
Shire plc (NASDAQ:SHPG) is a specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician.
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