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Pin to quick picksHikma Pharmaceuticals Share News (HIK)

Share Price Information for Hikma Pharmaceuticals (HIK)

London Stock Exchange
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Share Price: 1,999.00
Bid: 1,997.00
Ask: 1,998.00
Change: 34.00 (1.73%)
Spread: 1.00 (0.05%)
Open: 1,991.00
High: 2,028.00
Low: 1,983.00
Prev. Close: 1,965.00
HIK Live PriceLast checked at -

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Goldman Sachs upgrades Hikma on Roxane Labs acquisition

Fri, 04th Sep 2015 11:52

(ShareCast News) - Goldman Sachs upgraded Hikma Pharmaceuticals to 'buy' from 'neutral', added the stock to its regional stock 'focus list' and lifted its price target to 2,840p from 2,210p."We see the acquisition of Roxane Labs as the realisation of large transformational M&A that we had expected to be a key catalyst."GS said the deal makes Hikma the sixth-largest player in the US generics market and offers potential to further improve its market position, with the acquired high-value pipeline playing a key role.The bank said the current share price does not reflect Hikma's accelerated growth profile. It noted that the stock trades at a 20% discount to global generic peers, which it believe is not justified and suggests re-rating potential."Though Hikma's share price has increased 11.3% since announcement of the deal, we believe this does not fully reflect the potential offered by the acquired portfolio, the extensive pipeline, R&D capabilities, and increased manufacturing capacity."Goldman said accelerated top-line growth together with synergies likely to be realised and cost savings from economies of scale and improved operational leverage should help Hikma deliver an 18% EBITDA compound annual growth rate over 2016-18.At 1200 BST, Hikma shares were up 0.2% at 2,347p.
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12 Apr 2023 07:18

Hikma appoints Riad Mishlawi as CEO

(Sharecast News) - Hikma Pharmaceuticals said Riad Mishlawi, president of the group's injectables business, has been appointed chief executive Officer, effective from September 1.

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27 Feb 2023 09:38

Berenberg raises target price on Hikma Pharmaceuticals

(Sharecast News) - Analysts at Berenberg raised their target price on drugmaker Hikma Pharmaceuticals from 1,440.0p to 1,740.0p on Monday on the back of the group's recent trading update.

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23 Feb 2023 09:54

Hikma Pharmaceuticals profit halves in 2022 on Generics impairment

(Alliance News) - Hikma Pharmaceuticals PLC on Thursday reported a dip in annual revenue for 2022, as profit tumbled due to high inflation and adjustments regarding expectations for its Generics business.

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23 Feb 2023 07:59

Competition in generics sees Hikma Pharmaceuticals's profits decline by a tenth

(Sharecast News) - Hikma Pharmaceuticals posted lower full-year profits as stiff competition in generics saw its top line growth flatten out.

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