Shire (SHP) Now Covered by Barclays

Barclays initiated coverage on shares of Shire (LON:SHP) in a report released on Thursday, February 1st. The firm set an “equal weight” rating on the biopharmaceutical company’s stock.

A number of other equities research analysts have also recently commented on the stock. Shore Capital reaffirmed a “buy” rating on shares of Shire in a report on Thursday, October 26th. Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Shire in a report on Tuesday, October 17th. Morgan Stanley lowered their price target on shares of Shire from GBX 5,800 ($81.32) to GBX 5,700 ($79.92) and set an “overweight” rating on the stock in a report on Thursday, October 12th. Citigroup reaffirmed a “buy” rating and issued a GBX 5,500 ($77.12) price target on shares of Shire in a report on Friday, December 8th. Finally, lowered their price target on shares of Shire from GBX 4,480 ($62.82) to GBX 4,050 ($56.79) and set a “hold” rating on the stock in a report on Tuesday, October 31st. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 5,244.44 ($73.53).

Shire (LON SHP) traded down GBX 74 ($1.04) during trading on Thursday, hitting GBX 3,093.50 ($43.37). 2,438,482 shares of the company’s stock traded hands, compared to its average volume of 2,580,000. The company has a market cap of $28,280.00 and a PE ratio of 2,416.80. Shire has a 1 year low of GBX 3,081 ($43.20) and a 1 year high of GBX 5,067 ($71.05).

In other Shire news, insider Dominic Blakemore acquired 165 shares of Shire stock in a transaction that occurred on Tuesday, December 19th. The stock was acquired at an average cost of GBX 3,790 ($53.14) per share, for a total transaction of £6,253.50 ($8,768.23).

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About Shire

Shire plc is a biotech company focused on serving people with rare diseases and other specialized conditions. The Company’s segment is engaged in research, development, licensing, manufacturing, marketing, distribution and sale of specialist medicines. It focuses its development resources on projects in various therapeutic areas (TAs), including Neuroscience, Ophthalmology, Hematology, Oncology, Immunology, Gastrointestinal (GI)/Metabolic/Endocrinology Diseases.

Analyst Recommendations for Shire (LON:SHP)

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