Shire (SHPG) Given a $186.00 Price Target at Royal Bank of Canada

Takeda is interested in Shire the maker of Adderall because of the British company’s specialist areas

The company was initiated on Thursday, May 26 by Stifel Nicolaus. (NASDAQ:CMRX) earned "Underweight" rating by JP Morgan on Wednesday, February 14.

FTSE 100-listed Irish pharmaceutical firm Shire PLC said Tuesday that it has received a revised merger proposal from Takeda Pharmaceutical Co Ltd, making it the fifth approach by the Japanese firm. On Friday, April 20 the stock of Shire plc (NASDAQ:SHPG) earned "Buy" rating by RBC Capital Markets. The stock of Shire plc (NASDAQ:SHPG) earned "Buy" rating by RBC Capital Markets on Friday, April 20. The stock rating was maintained by Bank of America with "Buy" on Monday, February 5. The company was maintained on Friday, June 3 by Jefferies.

Cam Group Holding A increased Shire Plc (SHPG) stake by 26.15% reported in 2017Q4 SEC filing. M&R Capital Management Inc sold 22,702 shares as the company's stock declined 17.82% with the market. SHPG is touching $160.5 during the last trading session, after decreased 2.35%.Shire plc has volume of 1.16M shares. About 705,547 shares traded. SHPG is downtrending and has moved 27.67% since April 24, 2017. It has underperformed by 3.07% the S&P500.

Takeda Pharmaceuticalis nearing a preliminary agreement to acquire Shire after the Japanese drugmaker sweetened its roughly $60 billion bid for the biotechnology company, according to people with knowledge of the matter. The company has market cap of $3.91 billion. The firm offers products in therapeutic areas, including hematology, genetic diseases, neuroscience, immunology, internal medicine, ophthalmology, and oncology.The P/E ratio is 11.72. It has a 25.81 P/E ratio. They wrote, "Though it has not been confirmed by Shire yet, headlines from Reuters are reporting that Takeda (Not Covered) has made a takeover offer to Shire worth ~46.50 pounds/share (~$198 per ADS), which we estimate translates to ~ $61B (see Exhibit 1 on page 3 for details)".

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Shire shares slipped 0.8 percent to 39 pounds by 0850 GMT, well below Takeda's 49 pounds offer, signaling scepticism about the deal as Takeda's falling stock price erodes the bid's $64 billion headline value.

Shire PLC (NASDAQ:SHPG) traded down 0.52% during midday trading on Monday, hitting $164.17. On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. Therefore 76% are positive. Facebook had 254 analyst reports since July 21, 2015 according to SRatingsIntel. HSBC upgraded the shares of SHPG in report on Wednesday, September 30 to "Hold" rating. CLSA initiated the shares of PCLN in report on Thursday, December 8 with "Buy" rating. Zacks Investment Research raised Shire from a "sell" rating to a "hold" rating in a report on Tuesday, February 6th.

The firm is yielding 2.70% return on assets and 7.00% return on equity. Cowen & Co maintained Chimerix, Inc. Benchmark has "Buy" rating and $1800 target. The firm has "Buy" rating by FBR Capital given on Friday, February 23. It's down -0.39, from 1.06 in 2017Q3. Hedge funds and other institutional investors own 19.49% of the company's stock.

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