Shire PLC Stock Rating Reaffirmed by CRT Capital (SHPG)
Shire PLC (NASDAQ:SHPG)‘s stock had its “buy” rating restated by analysts at CRT Capital in a research report issued to clients and investors on Monday. They currently have a $250.00 price target on the stock, up from their previous price target of $195.00. CRT Capital’s price target would indicate a potential upside of 12.16% from the stock’s previous close.
A number of other firms have also recently commented on SHPG. 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 given a strong buy rating to the company. Shire PLC currently has a consensus rating of “Buy” and a consensus price target of $179.85.
Shire PLC (NASDAQ:SHPG) traded up 1.39% on Monday, hitting $225.98. The stock had a trading volume of 1,083,775 shares. Shire PLC has a 1-year low of $91.81 and a 1-year high of $229.44. The stock has a 50-day moving average of $176. and a 200-day moving average of $157.2. The company has a market cap of $44.013 billion and a P/E ratio of 51.49.
Shire PLC (NASDAQ:SHPG) last posted its quarterly earnings results on Thursday, May 1st. The company reported $2.36 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.35 earnings per share. Shire PLC’s revenue was up 17.8% compared to the same quarter last year. 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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