Shire PLC Hits New 52-Week High After Analyst Upgrade (SHPG)
Shire PLC (NASDAQ:SHPG)’s share price hit a new 52-week high during mid-day trading on Tuesday after Jefferies Group raised their price target on the stock from $165.00 to $170.00, Analyst Ratings.Net reports. The company traded as high as $165.42 and last traded at $165.08, with a volume of 496,754 shares traded. The stock had previously closed at $162.96.
A number of other firms have also recently commented on SHPG. Analysts at Cenkos Securities Ltd reiterated a “buy” rating on shares of Shire PLC in a research note on Monday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Shire PLC in a research note on Friday. Finally, analysts at RBC Capital raised their price target on shares of Shire PLC from $153.00 to $170.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $155.40.
The stock’s 50-day moving average is $147.8 and its 200-day moving average is $129.9.
Shire PLC (NASDAQ:SHPG) last posted its quarterly earnings results on Thursday, February 13th. The company reported $2.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.02 by $0.24. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts expect that Shire PLC will post $9.41 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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