Shire at sector perform by RBC

RBC Capital Markets analyst Douglas Miehm rated Shire plc at sector perform, above average risk, on news of the company's financial results. The company reported earnings per share of $0.44, ahead of RBC's estimate of $0.40 and the consensus forecast of $0.37. Shire had revenue of $439.1 million in the second quarter, up 3% versus last year and in line with both the analyst's estimate of $438.5 million and the consensus forecast of $440.1 million. RBC raised its price target to $49 from $47. Shares of the Basingstoke, England-based pharmaceutical company were up $1.53, or 3.26%, at $48.51 on volume of 877,382 shares versus the three-month running average of 522,912 shares. (Nasdaq: SHPGY)

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