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Shire plc Message Board

  • anorak_uk anorak_uk Mar 26, 1999 5:20 AM Flag

    Lehmans say BUY

    The Lehmans website has a strong BUY
    recommendation on Shire Pharmaceuticals as the newsflow for 1999
    looks exciting:

     Shire moves to next
    level of growth, reduces dependance on
    Adderall
     Galantamine for AD to be filed Q1

    Chronic fatigue syndrome also potential indication for
    Galantamine
     Distribution & R&D costs continue to rise but
    operating margins of 20-25% achievable
     forecast
    2000 PE x 25 seems low, in year when 2001 EPS =25P
    �650p price target (equates to about $32.5 for the
    ADRs?)

    Dresdner Kleinwort and WestLB Panmure also put out BUY
    notes after the results, with a similar price
    target.

    Recent drop is just profit-taking and therefore a buying
    opportunity.

    anorak_uk

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