Shire Plc. Given Buy Rating at SunTrust (SHPG)
Shire Plc. (NASDAQ:SHPG)‘s stock had its “buy” rating reaffirmed by analysts at SunTrust in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports. They currently have a $125.00 price objective on the stock. SunTrust’s price target indicates a potential upside of 4.80% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at CRT Capital raised their price target on shares of Shire Plc. (NASDAQ:SHPG) from $120.00 to $135.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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. 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 assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $119.17.
Shire Plc. (NASDAQ:SHPG) traded up 1.52% on Monday, hitting $121.08. 47,597 shares of the company’s stock traded hands. Shire Plc. has a 52 week low of $81.76 and a 52 week high of $120.00. The stock’s 50-day moving average is $112.4 and its 200-day moving average is $99.10. The company has a market cap of $22.182 billion and a P/E ratio of 37.68.
Shire Plc. (NASDAQ:SHPG) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.79 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.68 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that Shire Plc. will post $6.85 EPS for the current fiscal year.
Shire plc (NASDAQ:SHPG) is a specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician.
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