Dechra Pharmaceuticals plc (DPH) Stock Rating Reaffirmed by Numis Securities Ltd

Dechra Pharmaceuticals plc (LON:DPH)‘s stock had its “add” rating restated by stock analysts at Numis Securities Ltd in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 1,890 ($24.48) target price on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 10.33% from the stock’s current price.

DPH has been the subject of a number of other research reports. Royal Bank of Canada boosted their target price on shares of Dechra Pharmaceuticals plc from GBX 1,630 ($21.11) to GBX 1,890 ($24.48) and gave the stock an “outperform” rating in a research note on Tuesday, March 14th. Stifel Nicolaus upped their price objective on shares of Dechra Pharmaceuticals plc from GBX 1,440 ($18.65) to GBX 1,550 ($20.08) and gave the company a “hold” rating in a research note on Tuesday, April 4th. Finally, Panmure Gordon reaffirmed an “under review” rating on shares of Dechra Pharmaceuticals plc in a research note on Thursday, April 20th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Dechra Pharmaceuticals plc presently has an average rating of “Buy” and a consensus price target of GBX 1,648.71 ($21.36).

Dechra Pharmaceuticals plc (DPH) opened at 1710.00 on Thursday. The stock’s 50 day moving average price is GBX 1,840.42 and its 200-day moving average price is GBX 1,620.69. Dechra Pharmaceuticals plc has a 12 month low of GBX 1,151.00 and a 12 month high of GBX 1,970.00. The stock’s market cap is GBX 1.59 billion.

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In related news, insider Ian Page sold 1,630 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of GBX 1,715 ($22.22), for a total transaction of £27,954.50 ($36,210.49).

About Dechra Pharmaceuticals plc

Dechra Pharmaceuticals PLC is engaged in veterinary pharmaceuticals and related products business. The Company is engaged in development, manufacture and marketing of products for veterinarians. Its segments include European Pharmaceuticals, North American (NA) Pharmaceuticals and Pharmaceuticals Research and Development.

Analyst Recommendations for Dechra Pharmaceuticals plc (LON:DPH)

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