Shire Plc. Coverage Initiated at FBR Capital Markets (SHPG)
Investment analysts at FBR Capital Markets initiated coverage on shares of Shire Plc. (NASDAQ:SHPG) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating and a $137.00 price target on the stock. FBR Capital Markets’ price target would suggest a potential upside of 2.21% from the company’s current price.
Shares of Shire Plc. (NASDAQ:SHPG) opened at 134.04 on Wednesday. Shire Plc. has a 1-year low of $81.76 and a 1-year high of $137.01. The stock has a 50-day moving average of $122.6 and a 200-day moving average of $106.7. The company has a market cap of $24.503 billion and a price-to-earnings ratio of 38.78.
Shire Plc. (NASDAQ:SHPG) last announced its earnings results on Thursday, October 24th. The company reported $1.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.65 by $0.12. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $1.36 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts predict that Shire Plc. will post $7.12 earnings per share for the current fiscal year.
SHPG has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Shire Plc. in a research note to investors on Monday, October 28th. They now have a $143.00 price target on the stock. Separately, analysts at CRT Capital raised their price target on shares of Shire Plc. from $135.00 to $148.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Finally, analysts at Bank of America Corp. upgraded shares of Shire Plc. from a “neutral” rating to a “buy” rating in a research note to investors on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $129.50.
Shire plc (NASDAQ:SHPG) is a specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician.
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