Shire PLC: A rare opportunity!

BUY Coverage initiated, Fair Value 5900p (+38%)

News published on May Monday 23, 2016
Share on

A rare opportunity!

We are initiating coverage of Shire with a BUY recommendation and a FV of GBp5,900 with the dawn of a transformative merger with Baxalta. Beyond the fact that we see significant upside (+45%), in our view the pressure on the share price caused by the current arbitrage strategies, along with doubts regarding the potential value creation, have created an opportunity as 1/ Shire ex-Baxalta is a strong growth story associated with an attractive valuation (P/E 2017e: 12x); 2/ we believe the merger should accretive on earnings by 2017e. 

 For more information, please contact marketing@bryangarnier.com

The Essentials

Everything you need to know about investment banking dedicated to growth
Recent Transactions Highlights
From M&A, to IPOs see what’s been happening at Bryan, Garnier & Co this year
Join our Team
Bryan, Garnier & Co is always looking for talent in all our divisions, at all levels
Explore our opportunities