Shire Price Target Raised to GBX 3,600 at Goldman Sachs Group Inc. (SHP)
Equities research analysts at Goldman Sachs Group Inc. upped their price target on shares of Shire (LON:SHP) from GBX 2,850 ($46.11) to GBX 3,600 ($58.24) in a research note issued to investors on Monday, Analyst Ratings News reports. The firm currently has a “strong-buy” rating on the stock. Goldman Sachs Group Inc.’s price target points to a potential upside of 29.68% from the stock’s previous close.
A number of other firms have also recently commented on SHP. Analysts at Societe Generale reiterated a “buy” rating on shares of Shire in a research note to investors on Friday. They now have a GBX 3,140 ($50.80) price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Shire from GBX 2,600 ($42.06) to GBX 2,750 ($44.49) in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at AlphaValue downgraded shares of Shire to a “sell” rating in a research note to investors on Friday. They now have a GBX 2,383.40 ($38.56) price target on the stock, up previously from GBX 2,375.10 ($38.43). One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 2,199.42 ($35.58).
Shire (LON:SHP) opened at 2827.00 on Monday. Shire has a 1-year low of GBX 1682.00 and a 1-year high of GBX 2779.00. The stock’s 50-day moving average is GBX 2467. and its 200-day moving average is GBX 2227.. The company’s market cap is £15.599 billion.
Shire plc (LON:SHP) is a specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician.
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