Hikma Pharmaceuticals (LON:HIK) Given New GBX 1,050 Price Target at JPMorgan Chase

Hikma Pharmaceuticals (LON:HIK) had its price objective raised by JPMorgan Chase from GBX 1,000 ($14.04) to GBX 1,050 ($14.74) in a report released on Thursday, March 15th. JPMorgan Chase currently has a neutral rating on the stock.

Several other research analysts also recently issued reports on HIK. Peel Hunt reissued a hold rating and set a GBX 1,390 ($19.51) price objective on shares of Hikma Pharmaceuticals in a research report on Wednesday, November 15th. Morgan Stanley reissued an equal weight rating and set a GBX 1,100 ($15.44) price objective on shares of Hikma Pharmaceuticals in a research report on Friday, December 1st. Jefferies Group raised their target price on shares of Hikma Pharmaceuticals from GBX 1,045 ($14.67) to GBX 1,074 ($15.08) and gave the stock a hold rating in a research note on Monday, December 4th. Numis Securities reiterated a buy rating and issued a GBX 1,300 ($18.25) price objective on shares of Hikma Pharmaceuticals in a research note on Wednesday, December 20th. Finally, Barclays cut shares of Hikma Pharmaceuticals to an underweight rating and reduced their price objective for the company from GBX 1,500 ($21.06) to GBX 800 ($11.23) in a research note on Thursday, March 1st. Two equities research 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 price target of GBX 1,083.20 ($15.20).

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Shares of LON HIK traded up GBX 19 ($0.27) during mid-day trading on Thursday, reaching GBX 1,204 ($16.90). The company had a trading volume of 605,305 shares, compared to its average volume of 822,138. Hikma Pharmaceuticals has a 52-week low of GBX 814.20 ($11.43) and a 52-week high of GBX 2,346 ($32.93).

The business also recently announced a dividend, which will be paid on Thursday, May 24th. Investors of record on Thursday, April 5th will be issued a $0.23 dividend. This represents a yield of 1.47%. This is an increase from Hikma Pharmaceuticals’s previous dividend of $0.22. The ex-dividend date is Thursday, April 5th.

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About Hikma Pharmaceuticals

Hikma Pharmaceuticals PLC develops, manufactures, and markets a range of generic, branded, and in-licensed pharmaceutical products in solid, semi-solid, liquid, and injectable final dosage forms worldwide. It operates through three segments: Branded, Injectables, and Generic. The Branded segment offers 377 products in 1,125 dosage forms and strengths in the anti-infective, cardiovascular, diabetes, central nervous system (CNS), gastro-intestinal, oncology, respiratory, and miscellaneous therapeutic areas.

Analyst Recommendations for Hikma Pharmaceuticals (LON:HIK)

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