Berenberg Bank Raises Udg Healthcare PLC (UDG) Price Target to GBX 800
Udg Healthcare PLC (LON:UDG) had its price target upped by Berenberg Bank from GBX 745 ($9.49) to GBX 800 ($10.19) in a research note issued on Friday, Marketbeat.com reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential downside of 7.35% from the stock’s previous close.
A number of other research analysts also recently issued reports on the stock. Liberum Capital reiterated a “buy” rating and set a GBX 930 ($11.85) target price on shares of Udg Healthcare PLC in a research report on Monday, June 19th. Jefferies Group LLC downgraded shares of Udg Healthcare PLC to a “hold” rating and boosted their target price for the company from GBX 760 ($9.68) to GBX 785 ($10.00) in a research report on Wednesday, May 24th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 730 ($9.30) target price on shares of Udg Healthcare PLC in a research report on Tuesday, May 23rd. Peel Hunt boosted their target price on shares of Udg Healthcare PLC from GBX 730 ($9.30) to GBX 830 ($10.57) and gave the company an “add” rating in a research report on Tuesday, May 23rd. Finally, Stifel Nicolaus boosted their target price on shares of Udg Healthcare PLC from GBX 620 ($7.90) to GBX 650 ($8.28) and gave the company a “hold” rating in a research report on Tuesday, April 4th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Udg Healthcare PLC currently has an average rating of “Hold” and a consensus target price of GBX 781.57 ($9.96).
Udg Healthcare PLC (LON UDG) traded down 0.35% during midday trading on Friday, reaching GBX 863.50. 518,692 shares of the company’s stock traded hands. Udg Healthcare PLC has a 1-year low of GBX 518.50 and a 1-year high of GBX 871.00. The stock’s 50 day moving average price is GBX 794.43 and its 200 day moving average price is GBX 714.17. The firm’s market cap is GBX 2.14 billion.
The business also recently announced a dividend, which will be paid on Tuesday, June 27th. Investors of record on Thursday, June 1st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, June 1st. This represents a dividend yield of 0.35%.
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In other Udg Healthcare PLC news, insider Chris Corbin sold 5,650 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of GBX 827 ($10.54), for a total transaction of £46,725.50 ($59,530.51). Also, insider Jez Moulding acquired 18,000 shares of the stock in a transaction on Wednesday, May 31st. The shares were acquired at an average price of GBX 808 ($10.29) per share, for a total transaction of £145,440 ($185,297.49).
About Udg Healthcare PLC
UDG Healthcare plc, formerly United Drug plc, is a healthcare services provider in the Republic of Ireland, the United Kingdom, North America and Continental Europe. The Company operates in three segments. The Ashfield Commercial & Medical Services segment is engaged in the provision of sales, marketing and healthcare communications services to pharmaceutical companies, and it also provides sales teams, healthcare communications, telesales, nurse educators, medical information, pharmacovigilance, regulatory and event management services to over 300 healthcare companies in approximately 20 countries.
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