Shire Plc. Reaches New 12-Month High at $151.62 (SHPG)
Shares of Shire Plc. (NASDAQ:SHPG) hit a new 52-week high during mid-day trading on Wednesday, AmericanBankingNews.com reports. The stock traded as high as $151.62 and last traded at $151.47, with a volume of 424,966 shares trading hands. The stock had previously closed at $147.81.
A number of research firms have recently commented on SHPG. Analysts at Leerink Swann set a $170.00 price target on shares of Shire Plc. in a research note to investors on Wednesday. Separately, analysts at RBC Capital raised their price target on shares of Shire Plc. from $138.00 to $153.00 in a research note to investors on Tuesday. They now have a “sector perform” rating on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Shire Plc. in a research note to investors on Monday, January 27th. They set an “overweight” rating on the stock. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $150.82.
Shire Plc. has a 52-week low of $86.01 and a 52-week high of $151.32. The stock’s 50-day moving average is $143.7 and its 200-day moving average is $127.3. The company has a market cap of $27.667 billion and a price-to-earnings ratio of 43.07.
Shire plc (NASDAQ:SHPG) is a specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician.
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