B. Riley & Co. Just Issued “Neutral” Rating on Perrigo Company plc Ordinary Shares (PRGO)

Perrigo Company plc Ordinary Shares (PRGO) was Reiterated by B. Riley & Co. to “Neutral” while Lowering the Price Target of the company shares to $ 67 from a previous price target of $83 . B. Riley & Co. advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Shares were Reiterated by B. Riley & Co. on Mar 3, 2017 to “Neutral” and Lowered the Price Target to $ 67 from a previous price target of $83 .Shares were Reiterated by B. Riley & Co. on Mar 3, 2017 to “Neutral” and Lowered the Price Target to $ 67 from a previous price target of $83 .Shares were Reiterated by Canaccord Genuity on Feb 28, 2017 to “Buy” and Lowered the Price Target to $ 97 from a previous price target of $100 .Canaccord Genuity Initiated Perrigo Company plc Ordinary Shares on Feb 22, 2017 to “Buy”, Price Target of the shares are set at $100.Shares were Reiterated by Jefferies on Jan 23, 2017 to “Hold” and Lowered the Price Target to $ 70 from a previous price target of $84 .

On the company’s financial health, Perrigo Company plc Ordinary Shares reported $1.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Nov 10, 2016. Analyst had a consensus of $1.56. The company had revenue of $1354.90 million for the quarter, compared to analysts expectations of $1279.65 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 EPS.

Several company insiders have filed Insider transactions , on Nov 28, 2016, Judy L Brown (EVP, Business Ops & CFO) sold 2,097 shares at $89.44 per share price. According to the SEC, on Nov 23, 2016, Todd W Kingma (Executive VP, General Counsel) sold 750 shares at $88.68 per share price. On Nov 21, 2016, Geoffrey M. Parker (director) purchased 2,500 shares at $88.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Perrigo Company plc Ordinary Shares opened for trading at $83.58 and hit $85.62 on the upside on Monday, eventually ending the session at $84.68, with a gain of 0.30% or 0.25 points. The heightened volatility saw the trading volume jump to 23,60,275 shares. Company has a market cap of $12,141 M.

Perrigo Company plc Ordinary Shares

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