Shire PLC (SHP) Trading Down 1.5%

Shares of Shire PLC (LON:SHP) were down 1.5% during mid-day trading on Tuesday . The company 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 analysts have recently issued reports on SHP shares. Deutsche Bank AG reiterated a “buy” rating and set a GBX 6,000 ($79.59) target price on shares of Shire PLC in a report on Tuesday, June 27th. Citigroup Inc. reiterated a “buy” rating and set a GBX 6,500 ($86.22) target price on shares of Shire PLC in a report on Thursday, June 22nd. Shore Capital reiterated a “buy” rating on shares of Shire PLC in a report on Wednesday, June 21st. Jefferies Group LLC decreased their target price on Shire PLC from GBX 6,400 ($84.89) to GBX 5,600 ($74.28) and set a “buy” rating for the company in a report on Friday, June 9th. Finally, Berenberg Bank decreased their target price on Shire PLC from GBX 6,100 ($80.91) to GBX 6,000 ($79.59) and set a “buy” rating for the company in a report on Thursday, June 8th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Shire PLC has an average rating of “Buy” and a consensus price target of GBX 5,837.29 ($77.43).

The firm’s market cap is GBX 35.10 billion. The stock’s 50-day moving average price is GBX 3,848.68 and its 200 day moving average price is GBX 4,292.82.

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

In other Shire PLC news, insider Anne Minto bought 190 shares of the stock in a transaction on Friday, September 29th. The shares were purchased at an average price of GBX 3,785 ($50.21) per share, with a total value of £7,191.50 ($9,539.06). Also, insider Flemming Ornskov bought 8,400 shares of the stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average cost of GBX 3,665 ($48.61) per share, for a total transaction of £307,860 ($408,356.55).

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About Shire PLC

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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