This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Shire (SHP)
Shire (SHP)
Will shares pull back towards the lows of 3500p or rally on towards the highs of 5750p?
- SHP is currently the only UK 100 defensive whose average 12 month price target is still above the current price!
- Golden cross by 50-day and 200-day moving averages
- Bearish volume divergence
- RSI and Stochastics diverging bearishly
- As at 7 July, this stock has been given no ‘sell’ ratings by brokers
Broker Consensus: 96% Buy, 4% Hold, 0% Sell
Bullish: AlphaValue, Buy, Target 6803p, +40% (7 July)
Average Target: 5721p, +18% (7 Jul)
Bearish: Bernstein, Outperform, Target 5000p, +3% (6 July)
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Prepared by Michael van Dulken, Head of Research
