Dechra Pharmaceuticals (LON:DPH) Price Target Cut to GBX 4,000 by Analysts at JPMorgan Chase & Co.

Dechra Pharmaceuticals (LON:DPH – Get Rating) had its target price trimmed by JPMorgan Chase & Co. from GBX 4,600 ($55.32) to GBX 4,000 ($48.10) in a research note released on Tuesday morning, MarketBeat.com reports. The firm currently has an overweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Berenberg Bank reissued a hold rating and issued a GBX 2,850 ($34.27) price objective on shares of Dechra Pharmaceuticals in a research report on Monday, February 27th. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 3,112 ($37.42) target price on shares of Dechra Pharmaceuticals in a report on Tuesday, February 28th.

Dechra Pharmaceuticals Stock Down 1.6 %

Shares of LON DPH opened at GBX 2,728.68 ($32.81) on Tuesday. Dechra Pharmaceuticals has a 1 year low of GBX 2,487.45 ($29.91) and a 1 year high of GBX 4,310 ($51.83). The company has a debt-to-equity ratio of 49.35, a current ratio of 2.80 and a quick ratio of 1.66. The company has a market capitalization of £3.11 billion, a P/E ratio of 5,230.19, a P/E/G ratio of 1.42 and a beta of 0.68. The company has a 50 day simple moving average of GBX 2,869.45 and a 200-day simple moving average of GBX 2,844.25.

Dechra Pharmaceuticals Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, April 13th. Shareholders of record on Thursday, March 9th will be issued a GBX 12.50 ($0.15) dividend. The ex-dividend date is Thursday, March 9th. This represents a yield of 0.4%. Dechra Pharmaceuticals’s dividend payout ratio is currently 8,490.57%.

About Dechra Pharmaceuticals

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Dechra Pharmaceuticals PLC develops, manufactures, regulates, markets, and sells veterinary pharmaceuticals and related products for veterinarians. It operates through three segments: European Pharmaceuticals, North American Pharmaceuticals, and Pharmaceuticals Research and Development. The company offers various endocrinology, dermatology, analgesia and anesthesia, cardiovascular, and critical care products for dogs and cats; water soluble antibiotics, poultry vaccines, and pain management for poultry, pigs, and cattle; and lameness and pain management products for horses and ponies.