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Shire recommends Takeda's £46bn bid

25 April, 2018, 17:14 | Author: Shawna Walton
  • Takeda is interested in Shire the maker of Adderall because of the British company’s specialist areas

Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. EMIS Group PLC had 24 analyst reports since September 1, 2015 according to SRatingsIntel.

3/30/2018 - Shire was upgraded by analysts at BidaskClub from a "sell" rating to a "hold" rating. Cowen & Co has "Buy" rating and $225.0 target.

"Given super-low interest rates in Japan and Takeda's ample cash flow, I believe the money would be better used than stocked up". On Wednesday, February 14 the rating was maintained by Piper Jaffray with "Hold". The rating was upgraded by Bank of America on Friday, January 15 to "Buy".

The stock increased 3.42% or GBX 130 during the last trading session, reaching GBX 3930. About 2.72M shares traded or 81.62% up from the average. SHPG underperformed by 39.22% the S&P500.

Shire's board last night set the stage for a potential Takeda acquisition by saying it would recommend to shareholders approval of Takeda's approximately £46 billion ($64 billion) offer for the company-if other terms can be worked out. Therefore 91% are positive.

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 21, 2018. 24 are the (NASDAQ:SHPG)'s analyst reports since October 26, 2017 according to StockzIntelligence Inc. The stock of Shire plc (LON:SHP) has "Buy" rating given on Tuesday, September 27 by Citigroup. The firm has "Outperform" rating by RBC Capital Markets given on Thursday, November 3. Bank of America maintained the stock with "Buy" rating in Sunday, August 16 report. On Friday, February 23 FBR Capital maintained Shire plc (NASDAQ:SHPG) with "Buy" rating. Bank of Montreal Can now owns 182,904 shares of the biopharmaceutical company's stock worth $28,373,000 after buying an additional 143,385 shares during the period.

Takeda's pursuit has given a lift to Shire's stock, which closed up more than 3% in London trading on Tuesday. The stock has "Buy" rating by Citigroup on Monday, September 19. On Tuesday, January 2 the firm has "Buy" rating by Stifel Nicolaus given.

The bid values Shire at £46B. Takeda has declined about 24 percent this year, valuing the company at about $35 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.


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