Perrigo Company plc Ordinary Shares (PRGO) is Reiterated by Barclays to Overweight, Lowers Price Target to $ 110

Perrigo Company plc Ordinary Shares (PRGO) was Reiterated by Barclays to “Overweight” while Lowering the Price Target of the company shares to $ 110 from a previous price target of $120 . Barclays advised their investors in a research report released on Aug 11, 2016.

Many Wall Street Analysts have commented on Perrigo Company plc Ordinary Shares. Deutsche Bank Upgraded Perrigo Company plc Ordinary Shares on Jul 22, 2016 to ” Buy”, Price Target of the shares are set at $115.Perrigo Company plc Ordinary Shares was Downgraded by Argus to ” Hold” on Jun 20, 2016.

On the company’s financial health, Perrigo Company plc Ordinary Shares reported $1.93 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Aug 10, 2016. Analyst had a consensus of $1.99. The company had revenue of $1437.00 million for the quarter, compared to analysts expectations of $1429.56 million. The company’s revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.18 EPS.

Perrigo Company plc Ordinary Shares opened for trading at $93.36 and hit $94.35 on the upside on Monday, eventually ending the session at $93.44, with a gain of 0.31% or 0.29 points. The heightened volatility saw the trading volume jump to 11,75,921 shares. Company has a market cap of $13,383 M.

Investors should note that on Aug 2, 2016, Perrigo Company plc Ordinary Shares announced a cash dividend of $0.1450. The company’s management has announced Aug 24, 2016 as the ex-dividend date and fixed the record date on Aug 26, 2016. The payable date has been fixed on Sep 13, 2016.

In a different news, on Apr 14, 2016, Judy L Brown (Executive VP & CFO) sold 2,776 shares at $126.22 per share price. According to the SEC, on Mar 22, 2016, Michael J Jandernoa (director) sold 761 shares at $128.29 per share price. On Mar 4, 2016, Sharon Kochan (EVP, GM International) sold 1,490 shares at $125.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Perrigo Company plc Ordinary Shares

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