RBC Capital Increases Shire Plc. Price Target to $122.00 (SHPG)
Stock analysts at RBC Capital hoisted their price target on shares of Shire Plc. (NASDAQ:SHPG) from $114.00 to $122.00 in a report issued on Friday, AR Network reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective points to a potential downside of 0.40% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Shire Plc. in a research note to investors on Thursday. They now have a $124.00 price target on the stock. Separately, analysts at Credit Suisse downgraded shares of Shire Plc. from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, October 10th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Shire Plc. from a “neutral” rating to an “overweight” rating in a research note to investors on Monday, September 30th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $123.86.
Shares of Shire Plc. (NASDAQ:SHPG) traded up 0.39% on Friday, hitting $122.49. The stock had a trading volume of 422,517 shares. Shire Plc. has a 52 week low of $81.76 and a 52 week high of $124.96. The stock has a 50-day moving average of $117.9 and a 200-day moving average of $103.6. The company has a market cap of $22.440 billion and a P/E ratio of 38.55.
Shire Plc. (NASDAQ:SHPG) last released its earnings data 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.
Shire plc (NASDAQ:SHPG) is a specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician.
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