Perrigo Company plc (PRGO) Given Buy Rating at Deutsche Bank AG

Deutsche Bank AG reissued their buy rating on shares of Perrigo Company plc (NYSE:PRGO) in a research note released on Wednesday. The brokerage currently has a $86.00 price target on the stock, down from their previous price target of $87.00.

PRGO has been the topic of a number of other reports. Royal Bank of Canada restated a sector perform rating and set a $85.00 price objective (down from $92.00) on shares of Perrigo Company plc in a report on Tuesday, January 17th. Canaccord Genuity began coverage on shares of Perrigo Company plc in a research note on Tuesday, February 21st. They issued a buy rating and a $100.00 price target on the stock. Goldman Sachs Group Inc reiterated a sell rating on shares of Perrigo Company plc in a research note on Monday, January 30th. Wells Fargo & Co reiterated a market perform rating and issued a $67.00 price target on shares of Perrigo Company plc in a research note on Friday, April 14th. Finally, Barclays PLC lowered their price target on shares of Perrigo Company plc from $110.00 to $100.00 and set an overweight rating on the stock in a research note on Monday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $91.16.

Analyst Recommendations for Perrigo Company plc (NYSE:PRGO)

Perrigo Company plc (NYSE:PRGO) traded up 0.775% on Wednesday, hitting $66.945. The company’s stock had a trading volume of 809,123 shares. The company has a 50 day moving average price of $69.16 and a 200-day moving average price of $80.22. Perrigo Company plc has a 1-year low of $65.47 and a 1-year high of $129.98. The company’s market capitalization is $9.60 billion.

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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 21st. Investors of record on Friday, March 3rd were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.96%. This is a boost from Perrigo Company plc’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, March 1st. Perrigo Company plc’s dividend payout ratio is currently -5.53%.

Institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Perrigo Company plc by 3.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,133 shares of the company’s stock valued at $2,044,000 after buying an additional 712 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Perrigo Company plc by 0.7% in the third quarter. Great West Life Assurance Co. Can now owns 108,002 shares of the company’s stock valued at $9,961,000 after buying an additional 715 shares during the period. Neville Rodie & Shaw Inc. boosted its position in shares of Perrigo Company plc by 1.3% in the third quarter. Neville Rodie & Shaw Inc. now owns 11,097 shares of the company’s stock valued at $1,025,000 after buying an additional 141 shares during the period. Tower Bridge Advisors boosted its position in shares of Perrigo Company plc by 29.9% in the third quarter. Tower Bridge Advisors now owns 72,242 shares of the company’s stock valued at $6,670,000 after buying an additional 16,643 shares during the period. Finally, Commonwealth Equity Services Inc boosted its position in shares of Perrigo Company plc by 16.6% in the third quarter. Commonwealth Equity Services Inc now owns 16,869 shares of the company’s stock valued at $1,557,000 after buying an additional 2,397 shares during the period. Institutional investors and hedge funds own 69.65% of the company’s stock.

Perrigo Company plc Company Profile

Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, animal health, dietary supplements, active pharmaceutical ingredients (API), and medical diagnostic products, and Multiple Sclerosis drug Tysabri.

5 Day Chart for NYSE:PRGO

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