Published On: Sun, Sep 18th, 2016

Hikma Pharmaceuticals Plc (HIK) Price Target Cut to GBX 2,500 by Analysts at Jefferies Group

Hikma Pharmaceuticals Plc (LON:HIK) had its price target lowered by investment analysts at Jefferies Group from GBX 2,990 ($39.82) to GBX 2,500 ($33.30) in a report released on Monday. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price suggests a potential upside of 18.15% from the company’s previous close.
Several other research firms also recently weighed in on HIK. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,550 ($33.96) target price on shares of Hikma Pharmaceuticals Plc in a report on Tuesday, August 16th. Barclays PLC reissued an “overweight” rating and issued a GBX 2,800 ($37.29) target price on shares of Hikma Pharmaceuticals Plc in a report on Thursday, August 4th. Numis Securities Ltd initiated coverage on Hikma Pharmaceuticals Plc in a report on Friday, July 22nd. They issued an “add” rating and a GBX 2,830 ($37.69) target price for the company. Morgan Stanley reduced their target price on Hikma Pharmaceuticals Plc from GBX 2,700 ($35.96) to GBX 2,500 ($33.30) and set an “equal weight” rating for the company in a report on Friday, August 12th. Finally, Citigroup Inc. downgraded Hikma Pharmaceuticals Plc to a “neutral” rating and set a GBX 2,600 ($34.63) target price for the company. in a report on Thursday, August 4th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Hikma Pharmaceuticals Plc currently has an average rating of “Buy” and an average target price of GBX 2,520.90 ($33.58).
Hikma Pharmaceuticals Plc (LON:HIK) traded down 0.80% during mid-day trading on Monday, reaching GBX 2116.00. 508,620 shares of the company’s stock traded hands. The stock’s market cap is GBX 4.78 billion. The company has a 50 day moving average price of GBX 2,273.76 and a 200-day moving average price of GBX 2,221.42. Hikma Pharmaceuticals Plc has a 12 month low of GBX 1,575.00 and a 12 month high of GBX 2,703.00.

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In other Hikma Pharmaceuticals Plc news, insider Darwazah,Said bought 200,000 shares of the company’s stock in a transaction on Friday, August 26th. The shares were bought at an average price of GBX 2,160 ($28.77) per share, for a total transaction of £4,320,000 ($5,753,862.55). Also, insider Darwazah,Mazen bought 150,000 shares of the company’s stock in a transaction on Friday, June 24th. The shares were acquired at an average price of GBX 2,200 ($29.30) per share, for a total transaction of £3,300,000 ($4,395,311.67).
Hikma Pharmaceuticals Plc Company Profile
Hikma Pharmaceuticals Plc is a pharmaceutical company. The Company develops, manufactures and markets a range of branded and non-branded generic pharmaceutical products in solid, semi-solid, liquid and injectable final dosage forms, across the United States, the Middle East and North Africa (MENA) region and Europe.

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