JPMorgan Chase & Co. Reiterates “Neutral” Rating for Hikma Pharmaceuticals Plc (HIK)
Hikma Pharmaceuticals Plc (LON:HIK)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued on Monday.
Several other research analysts also recently commented on HIK. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,340 ($30.44) price objective on shares of Hikma Pharmaceuticals Plc in a research note on Wednesday, March 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 2,550 ($33.17) price objective on shares of Hikma Pharmaceuticals Plc in a research note on Tuesday, April 4th. HSBC Holdings plc reaffirmed a “reduce” rating and issued a GBX 1,800 ($23.42) price objective on shares of Hikma Pharmaceuticals Plc in a research note on Friday, April 7th. Jefferies Group LLC downgraded Hikma Pharmaceuticals Plc to an “underperform” rating and decreased their price objective for the stock from GBX 2,162 ($28.13) to GBX 1,450 ($18.86) in a research note on Wednesday, May 17th. Finally, Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 2,350 ($30.57) price objective on shares of Hikma Pharmaceuticals Plc in a research note on Thursday, March 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 2,207.10 ($28.71).
Shares of Hikma Pharmaceuticals Plc (LON:HIK) traded down 4.61% during midday trading on Monday, reaching GBX 1656.00. The company had a trading volume of 1,642,126 shares. The firm’s market capitalization is GBX 3.99 billion. The company has a 50 day moving average of GBX 1,879.59 and a 200 day moving average of GBX 1,888.89. Hikma Pharmaceuticals Plc has a 12-month low of GBX 1,573.00 and a 12-month high of GBX 2,703.00.
The company also recently declared a dividend, which will be paid on Thursday, May 25th. Shareholders of record on Thursday, April 6th will be issued a dividend of €0.22 ($0.25) per share. This represents a yield of 0.78%. The ex-dividend date is Thursday, April 6th. This is a boost from Hikma Pharmaceuticals Plc’s previous dividend of $0.21.
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About Hikma Pharmaceuticals Plc
Hikma Pharmaceuticals Plc is a pharmaceutical company. The Company is focused on developing, manufacturing and marketing a range of both branded and non-branded generic and in-licensed products. The Company’s segments include Branded, Injectables, Generics and Others. It sells branded generics and in-licensed patented products across the Middle East and North Africa (MENA) region and other markets.
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