Shire PLC (SHP) Stock Price Down 0.8%

Shire PLC (LON:SHP) shares fell 0.8% during trading on Monday . The company traded as low as GBX 3,825 ($50.29) and last traded at GBX 3,832.50 ($50.39). 1,226,530 shares changed hands during trading, a decline of 56% from the average session volume of 2,767,230 shares. The stock had previously closed at GBX 3,862 ($50.78).

A number of research firms have commented on SHP. Liberum Capital reaffirmed a “hold” rating and set a GBX 4,900 ($64.42) price target on shares of Shire PLC in a research report on Thursday, August 3rd. Deutsche Bank AG reduced their target price on Shire PLC from GBX 6,000 ($78.89) to GBX 5,700 ($74.94) and set a “buy” rating on the stock in a report on Tuesday, September 5th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Shire PLC in a report on Friday, August 4th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 5,350 ($70.34) target price on shares of Shire PLC in a report on Tuesday, August 22nd. Finally, Barclays PLC reiterated an “overweight” rating and set a GBX 6,300 ($82.83) target price on shares of Shire PLC in a report on Tuesday, June 27th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Shire PLC has an average rating of “Buy” and an average target price of GBX 5,837.29 ($76.75).

The firm’s market cap is GBX 34.74 billion. The company’s 50 day moving average is GBX 3,851.47 and its 200 day moving average is GBX 4,275.30.

The firm also recently disclosed a dividend, which will be paid on Friday, October 20th. Investors of record on Thursday, September 7th will be paid a GBX 3.85 ($0.05) dividend. This represents a yield of 0.1%. The ex-dividend date of this dividend is Thursday, September 7th.

In other news, insider Flemming Ornskov purchased 8,400 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average cost of GBX 3,665 ($48.19) per share, with a total value of £307,860 ($404,759.40). Also, insider Anne Minto purchased 190 shares of the business’s stock in a transaction on Friday, September 29th. The stock was purchased at an average cost of GBX 3,785 ($49.76) per share, for a total transaction of £7,191.50 ($9,455.04).

TRADEMA

A number of research firms have commented on SHP. Liberum Capital reaffirmed a “hold” rating and set a GBX 4,900 ($64.42) price target on shares of Shire PLC in a research report on Thursday, August 3rd. Deutsche Bank AG reduced their target price on Shire PLC from GBX 6,000 ($78.89) to GBX 5,700 ($74.94) and set a “buy” rating on the stock in a report on Tuesday, September 5th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Shire PLC in a report on Friday, August 4th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 5,350 ($70.34) target price on shares of Shire PLC in a report on Tuesday, August 22nd. Finally, Barclays PLC reiterated an “overweight” rating and set a GBX 6,300 ($82.83) target price on shares of Shire PLC in a report on Tuesday, June 27th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Shire PLC has an average rating of “Buy” and an average target price of GBX 5,837.29 ($76.75).

The firm’s market cap is GBX 34.74 billion. The company’s 50 day moving average is GBX 3,851.47 and its 200 day moving average is GBX 4,275.30.

The firm also recently disclosed a dividend, which will be paid on Friday, October 20th. Investors of record on Thursday, September 7th will be paid a GBX 3.85 ($0.05) dividend. This represents a yield of 0.1%. The ex-dividend date of this dividend is Thursday, September 7th.

In other news, insider Flemming Ornskov purchased 8,400 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average cost of GBX 3,665 ($48.19) per share, with a total value of £307,860 ($404,759.40). Also, insider Anne Minto purchased 190 shares of the business’s stock in a transaction on Friday, September 29th. The stock was purchased at an average cost of GBX 3,785 ($49.76) per share, for a total transaction of £7,191.50 ($9,455.04).

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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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