J P Morgan Chase & Co Cuts Hikma Pharmaceuticals Plc (HIK) Price Target to GBX 1,250

Hikma Pharmaceuticals Plc (LON:HIK) had its price target lowered by equities research analysts at J P Morgan Chase & Co from GBX 1,500 ($19.93) to GBX 1,250 ($16.61) in a report issued on Friday, October 6th. The firm currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price objective would indicate a potential upside of 5.49% from the stock’s current price.

HIK has been the subject of a number of other research reports. Jefferies Group LLC dropped their target price on shares of Hikma Pharmaceuticals Plc from GBX 1,450 ($19.27) to GBX 1,390 ($18.47) and set an “underweight” rating for the company in a research report on Wednesday, June 28th. Barclays PLC dropped their target price on shares of Hikma Pharmaceuticals Plc from GBX 2,200 ($29.23) to GBX 1,500 ($19.93) and set an “overweight” rating for the company in a research report on Friday, August 25th. Goldman Sachs Group, Inc. (The) cut shares of Hikma Pharmaceuticals Plc to a “neutral” rating and dropped their target price for the stock from GBX 2,600 ($34.55) to GBX 1,310 ($17.41) in a research report on Tuesday, August 22nd. HSBC Holdings plc dropped their target price on shares of Hikma Pharmaceuticals Plc from GBX 1,700 ($22.59) to GBX 1,410 ($18.74) and set a “reduce” rating for the company in a research report on Tuesday, June 27th. Finally, Citigroup Inc. reissued a “neutral” rating and set a GBX 1,550 ($20.60) price objective on shares of Hikma Pharmaceuticals Plc in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,551.45 ($20.61).

Shares of Hikma Pharmaceuticals Plc (HIK) opened at 1185.00 on Friday. Hikma Pharmaceuticals Plc has a 12 month low of GBX 1,101.00 and a 12 month high of GBX 2,346.00. The stock’s market cap is GBX 2.84 billion. The firm has a 50-day moving average price of GBX 1,188.08 and a 200-day moving average price of GBX 1,496.17.

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Hikma Pharmaceuticals Plc Company Profile

Hikma Pharmaceuticals Plc is a pharmaceutical company. The Company is focused on developing, manufacturing and marketing a range of both branded and non-branded generic and in-licensed products. The Company’s segments include Branded, Injectables, Generics and Others. It sells branded generics and in-licensed patented products across the Middle East and North Africa (MENA) region and other markets.

Analyst Recommendations for Hikma Pharmaceuticals Plc (LON:HIK)

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