Advertisement
UK markets closed
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     
  • AIM

    755.28
    +2.16 (+0.29%)
     
  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     
  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     
  • Bitcoin GBP

    50,072.20
    -1,153.50 (-2.25%)
     
  • CMC Crypto 200

    1,316.81
    -79.73 (-5.71%)
     
  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     
  • DOW

    38,239.66
    +153.86 (+0.40%)
     
  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     
  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,161.01
    +243.73 (+1.36%)
     
  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     

BUZZ-Hikma: 2nd top FTSE gainer after Barclays lauds Boehringer deal

** Pharma co Hikma up c.5.6 pct, 2nd top gainer on London's bluechip index & on track for sharpest move in over 1 mnth after brokerage TP hike

** Barclays (LSE: BARC.L - news) says U.S (Other OTC: UBGXF - news) . generics deal, announced in July, transforms Hikma's long-term growth profile and ups TP on stock to 2760p from 2050p, keeps "overweight" rating

** 8 of 12 brokerages rate the stock "buy" or higher, 3 "hold" and 1 "sell" or lower; their median PT is $38.35

** Stock moved up by slew of brokerage after co bought Boehringer Ingleheim's specialty generics drugs business in the U.S. for $2.65 bln

ADVERTISEMENT

** Deal moves up outer FY earnings by >20 pct & revolutionizes future opportunities, Barclays writes

** Jordanian co's stock up 12.64 pct YTD, contrasting a c.7.7 pct fall in the FTSE-100 index

** Valuations in health cos across globe buoyed by a surge in deal-making this year; sector top in global M&A until recently overtaken by the commodity deal frenzy (esha.vaish@thomsonreuters.com)