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After some Thursday drama, Shire weighs Takeda's cash-sweetened $61.5B offer
July 20 2018, 08:09 | Alonzo Simpson
Shire shares rise as it unilaterally announces Takeda's sweetened deal
Takeda shares plunged almost six percent in Tokyo trade, which began soon after the Shire announcement, reflecting the concern of some analysts that a takeover bid of this magnitude could put too much pressure on the Japanese firm's finances. Over the past week, Shire plc (NASDAQ:SHPG) has performed 5.03%. It has underperformed by 39.22% the S&P500. Finally, Liberum Capital lowered shares of Shire to a "hold" rating and lowered their price objective for the company from GBX 4,200 ($58.58) to GBX 4,100 ($57.18) in a research report on Wednesday, December 20th. Shire shares last traded at $163.93, with a volume of 2946786 shares.
TRADEMARK VIOLATION WARNING: "Shire (SHPG) Shares Gap Up to $160.08" was first published by The Lincolnian Online and is the sole property of of The Lincolnian Online. Facebook, Inc. (NASDAQ:FB) has risen 8.48% since April 24, 2017 and is uptrending.
Shire plc (NASDAQ:SHPG)'s earnings release is anticipated by WallStreet on April, 26, Faxor reports. Therefore 79% are positive. (NASDAQ:SHPG) has 24 ratings reports on April 24, 2018 according to StockzIntelligence. In Wednesday, February 14 report Piper Jaffray maintained the stock with "Hold" rating. On Friday, October 27 the rating was maintained by Cowen & Co with "Buy". It said on Wednesday it meant to maintain its dividend policy and investment-grade credit rating following the deal. Shire did not release the terms of the bid, the fifth from Takeda since it expressed interest in buying Shire on March 28. The company now has an average rating of "Buy" and an average price target of $205.00.
In total 14 analysts cover Shire (NASDAQ:SHPG). The company was maintained on Friday, June 30 by Cantor Fitzgerald.
4/9/2018 - Shire was downgraded by analysts at Zacks Investment Research from a "hold" rating to a "sell" rating. The stock presently has an average rating of Buy and a consensus target price of $205.00. RBC Capital Markets maintained Shire plc (NASDAQ:SHPG) on Monday, February 5 with "Buy" rating. The firm has "Sector Perform" rating given on Tuesday, January 12 by RBC Capital Markets. Its stake in Monsanto Co New (NYSE:MON) was upped by 781,259 shares to 6.06 million shares valued at $707.63 million in 2017Q4, according to the filing. It also upped Netease Inc (NASDAQ:NTES) stake by 1,152 shares and now owns 1,656 shares.
Investors sentiment increased to 1.21 in 2017 Q4. Its the same as in 2017Q3. (NASDAQ:FB). Kentucky Retirement System Insur Tru Fund owns 63,332 shares.
Lloyd also said it would not cancel its preference shares following investor complaints about the possibility after insurer Aviva AV.L abandoned its plans to scrap the high-yielding shares. Robertson Opportunity Capital Llc, a Texas-based fund reported 143,000 shares. Blume Capital Management has 157 shares.
Concerns over higher bond yields continued after the yield on the US 10-year Treasury breached the symbolic 3 percent level on Tuesday, raising questions over the relative attractiveness of equities and sectors which pay steady dividends. 472,943 were reported by Aisling Cap Lc. Most of its employees are in the United States.