Perrigo Company plc Ordinary Shares (PRGO) is Reiterated by Barclays to Overweight, Lowers Price Target to $ 120

Perrigo Company plc Ordinary Shares (PRGO) was Reiterated by Barclays to “Overweight” while Lowering the Price Target of the company shares to $ 120 from a previous price target of $180 . Barclays advised their investors in a research report released on Apr 26, 2016.

Many Wall Street Analysts have commented on Perrigo Company plc Ordinary Shares. Shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Sector Perform” and Lowered the Price Target to $ 109 from a previous price target of $140 .Perrigo Company plc Ordinary Shares was Downgraded by BofA/Merrill to ” Underperform” on Apr 25, 2016. Perrigo Company plc Ordinary Shares was Downgraded by Wells Fargo to ” Market Perform” on Apr 25, 2016.

On the company’s financial health, Perrigo Company plc Ordinary Shares reported $1.80 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Feb 18, 2016. Analyst had a consensus of $1.93. The company had revenue of $1424.80 million for the quarter, compared to analysts expectations of $1463.40 million. The company’s revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 EPS.

Perrigo Company plc Ordinary Shares closed down -7.33 points or -5.70% at $121.35 with 86,46,207 shares getting traded on Friday. Post opening the session at $123.19, the shares hit an intraday low of $120.1 and an intraday high of $125.8 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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