Shire PLC Hits New 12-Month High at $229.44 (SHPG)
Shares of Shire PLC (NASDAQ:SHPG) hit a new 52-week high during mid-day trading on Friday , Analyst Ratings Net reports. The company traded as high as $229.44 and last traded at $220.19, with a volume of 3,268,640 shares changing hands. The stock had previously closed at $191.71.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Shire PLC in a research note on Thursday, May 29th. They now have a $207.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Shire PLC from $156.00 to $171.00 in a research note on Tuesday, May 27th. They now have a “market perform” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Shire PLC in a research note on Friday, May 16th. They now have a $180.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $175.62.
The stock’s 50-day moving average is $175.2 and its 200-day moving average is $156.5. The company has a market cap of $43.411 billion and a price-to-earnings ratio of 44.29. Shire PLC also was the recipient of a significant increase in short interest during the month of May. As of May 30th, there was short interest totalling 846,655 shares, an increase of 32.2% from the May 15th total of 640,507 shares. Based on an average trading volume of 362,304 shares, the short-interest ratio is currently 2.3 days. Currently, 0.0% of the shares of the stock are short sold.
Shire PLC (NASDAQ:SHPG) last released its earnings data on Thursday, May 1st. The company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.14. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. Analysts expect that Shire PLC will post $9.82 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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