Shire Page 6

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Shire Page 6

4) Shire (SHP)

Shire PLC (-)

Will shares pull back towards the lows of 3400p (-22%) or post fresh all time-highs above 5875p (+17%)?

2016 uptrend; potential bullish flag pattern
Most bearish target price still suggests +4% upside
Zero ‘sell’ ratings by brokers
Recently made fresh 2016 highs

Broker Consensus: 96% Buy, 4% Hold, 0% Sell

Bullish: Bryan Garnier & Cie, Buy, Target 6900p, +38% (29 Sept)

Average Target: 6030p, +20% (30 Sept)

Bearish: Credit Suisse, Outperform, Target 5200p, +4% (13 Sept)

N.B. All pricing and consensus data was sourced from Bloomberg on 30 Sept. Recommendations and target prices are revised regularly due to heightened market volatility. Please contact us for a full, up to date rundown.

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

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