Perrigo Company plc Ordinary Shares (PRGO) is Upgraded by Deutsche Bank to Buy, Price Target at $115

Perrigo Company plc Ordinary Shares (PRGO) was Upgraded by Deutsche Bank to ” Buy” and the brokerage firm has set the Price Target at $115. Earlier the firm had a rating of “Hold ” on the company shares. Deutsche Bank advised their investors in a research report released on Jul 22, 2016.

Many Wall Street Analysts have commented on Perrigo Company plc Ordinary Shares. Perrigo Company plc Ordinary Shares was Downgraded by Argus to ” Hold” on Jun 20, 2016. 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 .Shares were Reiterated by Barclays on Apr 26, 2016 to “Overweight” and Lowered the Price Target to $ 120 from a previous price target of $180 .

On the company’s financial health, Perrigo Company plc Ordinary Shares reported $1.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 12, 2016. Analyst had a consensus of $1.73. The company had revenue of $1383.00 million for the quarter, compared to analysts expectations of $1345.10 million. The company’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 EPS.

Perrigo Company plc Ordinary Shares opened for trading at $93.89 and hit $95.21 on the upside on Wednesday, eventually ending the session at $94.85, with a gain of 1.93% or 1.8 points. The heightened volatility saw the trading volume jump to 16,69,711 shares. Company has a market cap of $13,585 M.

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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