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RBC Capital Keeps Their Buy Rating on Hikma Pharmaceuticals (HIK)

RBC Capital Keeps Their Buy Rating on Hikma Pharmaceuticals (HIK)

In a report released on July 7, Alistair Campbell from RBC Capital maintained a Buy rating on Hikma Pharmaceuticals, with a price target of p2,625.00. The company's shares closed yesterday at p1,973.00.
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Campbell covers the Healthcare sector, focusing on stocks such as Recordati Industria Chimica e Farmaceutica SPA, Hikma Pharmaceuticals, and Almirall. According to TipRanks, Campbell has an average return of 5.1% and a 54.08% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hikma Pharmaceuticals with a p2,509.29 average price target, implying a 27.18% upside from current levels. In a report released on June 27, Berenberg Bank also maintained a Buy rating on the stock with a £25.60 price target.
Based on Hikma Pharmaceuticals' latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p1.56 billion and a net profit of p133 million. In comparison, last year the company earned a revenue of p1.45 billion and had a net profit of p59 million
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HIK in relation to earlier this year.
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