Hikma Pharmaceuticals (LON:HIK) Lowered to Underperform at Jefferies Group

Hikma Pharmaceuticals (LON:HIK) was downgraded by analysts at Jefferies Group to an “underperform” rating in a research report issued to clients and investors on Wednesday, January 10th. They currently have a GBX 895 ($12.57) price objective on the stock, down from their prior price objective of GBX 1,074 ($15.08). Jefferies Group’s target price would suggest a potential downside of 6.28% from the stock’s previous close.

Several other equities analysts have also recently commented on the company. Numis Securities reaffirmed a “buy” rating and issued a GBX 1,300 ($18.26) price target on shares of Hikma Pharmaceuticals in a report on Wednesday, December 20th. JPMorgan Chase & Co. lowered their price objective on Hikma Pharmaceuticals from GBX 1,500 ($21.06) to GBX 1,250 ($17.55) and set a “neutral” rating on the stock in a research note on Friday, October 6th. Morgan Stanley reiterated an “equal weight” rating and issued a GBX 1,100 ($15.45) price objective on shares of Hikma Pharmaceuticals in a research note on Friday, December 1st. Peel Hunt reiterated a “hold” rating and issued a GBX 1,390 ($19.52) price objective on shares of Hikma Pharmaceuticals in a research note on Wednesday, November 15th. Finally, Stifel Nicolaus lowered their price objective on Hikma Pharmaceuticals from GBX 1,320 ($18.54) to GBX 1,000 ($14.04) and set a “hold” rating on the stock in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,171 ($16.44).

Hikma Pharmaceuticals (LON:HIK) traded down GBX 12 ($0.17) during trading on Wednesday, reaching GBX 955 ($13.41). The company’s stock had a trading volume of 364,685 shares, compared to its average volume of 446,101. The firm has a market cap of $2,290.00 and a PE ratio of 1,948.98. Hikma Pharmaceuticals has a 12-month low of GBX 906.50 ($12.73) and a 12-month high of GBX 2,346 ($32.94).

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About Hikma Pharmaceuticals

Hikma Pharmaceuticals Plc is a pharmaceutical company. The Company is focused on developing, manufacturing and marketing a range of both branded and non-branded generic and in-licensed products. The Company’s segments include Branded, Injectables, Generics and Others. It sells branded generics and in-licensed patented products across the Middle East and North Africa (MENA) region and other markets.

Analyst Recommendations for Hikma Pharmaceuticals (LON:HIK)

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