Hikma updates revenue guidance after USA rejects asthma drug

19 Mai, 2017, 15:43 | Author: Marc Bacque
  • World Asthma Day

The brokerage now has GBX 1,450 ($18.72) target price on the stock, down from their previous target price of GBX 2,162 ($27.91). HSBC Holdings plc's target price would suggest a potential upside of 5.88% from the stock's current price.

Several other brokerages have also recently issued reports on CIR. Peel Hunt started coverage on shares of Hikma Pharmaceuticals Plc in a report on Wednesday, January 25th. Finally, Numis Securities Ltd downgraded Hikma Pharmaceuticals Plc to an add rating and set a GBX 2,350 ($30.33) price target for the company.in a research report on Friday, March 10th.

Shares in Hikma Pharmaceuticals fell by as much as 7.5 per cent in early trading today after the company cut revenue forecasts for the full year. Shares in Hikma plunged by nearly nine per cent at the time. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 2,242.10 ($28.94).

Shares of Circassia Pharmaceuticals PLC (LON:CIR) traded up 1.82% on Wednesday, reaching GBX 97.75.

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The company had previously said it would report revenue of $2.2 billion for 2017. The firm's 50 day moving average is GBX 1,900.03 and its 200-day moving average is GBX 1,888.47.

In the branded business, the company continues to expects underlying revenue growth in the "mid-single digits" in constant currency in 2017, boosted by a pipeline of new product launches in key markets. Shareholders of record on Thursday, April 6th will be paid a dividend of €0.22 ($0.24) per share. This represents a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, April 6th. This is an increase from Hikma Pharmaceuticals Plc's previous dividend of $0.21. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US & global trademark and copyright legislation. The original version of this news story can be viewed at https://transcriptdaily.com/2017/05/18/hikma-pharmaceuticals-plc-hik-lowered-to-underperform-at-jefferies-group-llc.html.

Hikma Pharmaceuticals Plc is a pharmaceutical company.

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