Shire plc (NASDAQ:SHPG) Given Price Target Of $257.636


As per Shire plc (NASDAQ:SHPG)’s news release on 2016-08-05, its shareholders will get cash dividend of $0.139 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-09 and 2016-10-07, respectively.

The stock will commence trading ex-dividend from 2016-09-07, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Shire plc (NASDAQ:SHPG) disbursed $0.139 in dividend compared to distribution of $0.139, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 12.2351%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Shire plc (NASDAQ:SHPG) to attain a price target of $257.636. It is an average estimate figure given by 11 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $325. The low price range is set at $186 for next year while the arithmetic mean is seen at 1.42.

Eyeing Earnings Shire plc (NASDAQ:SHPG) is likely to post quarterly numbers around 2016-10-28 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $3.17 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Shire plc (NASDAQ:SHPG) earnings came at $3.38 suggesting a deviation of $0.33. The brokerages targeted EPS of $3.05 for the quarter.

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