Shire PLC (SHP) Trading Down 1.5%
Shire PLC (LON:SHP)’s share price was down 1.5% during mid-day trading on Tuesday . The stock traded as low as GBX 3,834.50 ($50.86) and last traded at GBX 3,852 ($51.09). Approximately 1,583,158 shares were traded during trading, a decline of 43% from the average daily volume of 2,784,150 shares. The stock had previously closed at GBX 3,909 ($51.85).
A number of brokerages have recently commented on SHP. Deutsche Bank AG lowered their price target on Shire PLC from GBX 6,000 ($79.59) to GBX 5,700 ($75.61) and set a “buy” rating for the company in a research note on Tuesday, September 5th. Liberum Capital reduced their price objective on shares of Shire PLC from GBX 4,900 ($65.00) to GBX 4,400 ($58.36) and set a “hold” rating on the stock in a research note on Friday, August 11th. Jefferies Group LLC reissued a “buy” rating on shares of Shire PLC in a research note on Tuesday, August 22nd. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 6,000 ($79.59) price objective on shares of Shire PLC in a report on Monday, June 19th. Finally, Credit Suisse Group restated an “outperform” rating and set a GBX 5,350 ($70.96) price objective on shares of Shire PLC in a report on Tuesday, June 27th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of GBX 5,837.29 ($77.43).
The firm’s market capitalization is GBX 34.91 billion. The firm has a 50-day moving average of GBX 3,846.24 and a 200 day moving average of GBX 4,299.38.
The company also recently declared a dividend, which will be paid on Friday, October 20th. Investors of record on Thursday, September 7th will be paid a dividend of GBX 3.85 ($0.05) per share. This represents a yield of 0.1%. The ex-dividend date of this dividend is Thursday, September 7th.
In other news, insider Anne Minto acquired 190 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was purchased at an average price of GBX 3,785 ($50.21) per share, for a total transaction of £7,191.50 ($9,539.06). Also, insider Flemming Ornskov acquired 8,400 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average price of GBX 3,665 ($48.61) per share, with a total value of £307,860 ($408,356.55).
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Shire PLC Company Profile
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.
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