Shire PLC (LON:SHP) rose 0.4% on Wednesday . The company traded as high as GBX 3,877.50 ($50.98) and last traded at GBX 3,836.50 ($50.44). Approximately 1,711,047 shares traded hands during trading, a decline of 37% from the average daily volume of 2,734,760 shares. The stock had previously closed at GBX 3,820.50 ($50.23).

SHP has been the topic of a number of recent analyst reports. Deutsche Bank AG restated a “buy” rating and set a GBX 6,000 ($78.89) price objective on shares of Shire PLC in a research note on Tuesday, June 27th. Citigroup Inc. restated a “buy” rating and set a GBX 6,500 ($85.46) price objective on shares of Shire PLC in a research note on Thursday, June 22nd. Shore Capital restated a “buy” rating on shares of Shire PLC in a research note on Wednesday, June 21st. Societe Generale restated a “buy” rating and set a GBX 7,500 ($98.61) price objective on shares of Shire PLC in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC cut their price objective on shares of Shire PLC from GBX 5,600 ($73.63) to GBX 5,250 ($69.02) and set a “buy” rating on the stock in a research note on Monday, August 7th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Shire PLC presently has an average rating of “Buy” and an average target price of GBX 5,837.29 ($76.75).

The firm has a 50-day moving average price of GBX 3,856.68 and a 200 day moving average price of GBX 4,263.44. The company’s market cap is GBX 34.77 billion.

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

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