Shire Plc. PT Raised to $135.00 (SHPG)
Analysts at CRT Capital lifted their price target on shares of Shire Plc. (NASDAQ:SHPG) from $120.00 to $135.00 in a research report issued to clients and investors on Monday, AR Network reports. The firm currently has a “buy” rating on the stock. CRT Capital’s target price points to a potential upside of 13.19% from the company’s current price.
A number of other firms have also recently commented on SHPG. 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $119.17.
Shire Plc. (NASDAQ:SHPG) opened at 119.27 on Monday. 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 $21.850 billion and a P/E ratio of 37.68.
Shire Plc. (NASDAQ:SHPG) last announced its earnings results on Thursday, July 25th. The company reported $1.79 earnings per share (EPS) for the quarter, beating the 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. 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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