Shire PLC PT Raised to $170.00 at Jefferies Group (SHPG)
Jefferies Group lifted their price target on shares of Shire PLC (NASDAQ:SHPG) from $165.00 to $170.00 in a research note issued on Tuesday, Stock Ratings Network reports. Jefferies Group’s target price indicates a potential upside of 4.32% from the stock’s previous close.
Shares of Shire PLC (NASDAQ:SHPG) opened at 162.96 on Tuesday. Shire PLC has a one year low of $86.01 and a one year high of $162.98. The stock’s 50-day moving average is $147.8 and its 200-day moving average is $129.9.
Shire PLC (NASDAQ:SHPG) last released its earnings data 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. On average, analysts predict that Shire PLC will post $9.27 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $155.40.
Shire plc (NASDAQ:SHPG) is a specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician.