Latest Stocks: Liberum Capital Lowers Shire PLC (SHP) to Hold

Latest Stocks: Liberum Capital Lowers Shire PLC (SHP) to Hold

Liberum Capital lowered shares of Shire PLC (LON:SHP) to a hold rating in a research report released on Thursday. They currently have GBX 4,900 ($63.32) price target on the biopharmaceutical company’s stock, down from their previous price target of GBX 5,500 ($71.07).

A number of other equities analysts have also recently commented on the stock. HSBC Holdings plc cut shares of Shire PLC to a reduce rating and decreased their target price for the stock from GBX 4,550 ($58.79) to GBX 4,450 ($57.50) in a research report on Friday, May 19th. Barclays PLC reiterated an overweight rating and issued a GBX 6,500 ($83.99) target price on shares of Shire PLC in a research report on Friday, May 19th. Deutsche Bank AG reiterated a buy rating and issued a GBX 6,100 ($78.82) target price on shares of Shire PLC in a research report on Friday, May 19th. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 6,000 ($77.53) target price on shares of Shire PLC in a research report on Friday, May 19th. Finally, Citigroup Inc reiterated a buy rating and issued a GBX 6,500 ($83.99) target price on shares of Shire PLC in a research report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of GBX 6,102.27 ($78.85).

Shares of Shire PLC (SHP) opened at 4522.00 on Thursday. Shire PLC has a 52 week low of GBX 2,707.19 and a 52 week high of GBX 5,377.00. The company’s market cap is GBX 40.88 billion. The company has a 50 day moving average of GBX 4,631.67 and a 200 day moving average of GBX 4,646.85.

In other news, insider William Burns bought 136 shares of the company’s stock in a transaction dated Friday, March 31st. The shares were purchased at an average price of GBX 4,742 ($61.27) per share, for a total transaction of £6,449.12 ($8,333.27).

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