Morgan Stanley Reaffirms “Equal Weight” Rating for Hikma Pharmaceuticals Plc (OTC:HKMPF)

Morgan Stanley reissued their equal weight rating on shares of Hikma Pharmaceuticals Plc (OTC:HKMPF) in a report issued on Wednesday morning, Marketbeat reports.

HKMPF has been the subject of several other reports. ValuEngine upgraded shares of Hikma Pharmaceuticals Plc from a hold rating to a buy rating in a report on Thursday, July 27th. Numis Securities Ltd reiterated an add rating on shares of Hikma Pharmaceuticals Plc in a report on Friday, May 19th. Finally, Jefferies Group LLC cut shares of Hikma Pharmaceuticals Plc from a buy rating to an underperform rating in a report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $27.00.

Shares of Hikma Pharmaceuticals Plc (OTC:HKMPF) opened at 18.60 on Wednesday. Hikma Pharmaceuticals Plc has a 52-week low of $18.15 and a 52-week high of $29.75. The stock’s 50 day moving average is $20.32 and its 200-day moving average is $23.55. The firm has a market capitalization of $4.48 billion and a P/E ratio of 28.10.

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