How to buy Hikma Pharmaceuticals (HIK) shares

• Are you interested in buying Hikma Pharma shares for exposure to the health sector?
• Learn how to buy and trade your shares.
• Get the info you need to keep track of your investment.

Hikma Pharmaceuticals (LSE: HIK) is a multinational pharmaceutical company based in London. Across thirty-two production sites, they produce generic, speciality, and branded pharmaceutical products.

Their primary markets are North America, Europe, the Middle East, and North Africa. Some of their best-selling products include Actos, Omnicef, Suprax, and Blopress.

Ready to invest in Hikma Pharma shares? Scroll down for a step-by-step guide.

Step 1: Open an account

The London Stock Exchange is where Hikma Pharma is listed. Whatever broker you choose must be able to access this stock market in order to acquire their shares.

Before choosing a broker, think about their brokerage, what their foreign exchange fee is when buying on international markets, the markets and tradable assets they have access to, whether they support fractional share investments, and the overall usability of their trading platform.

Step 2: Transfer money

You’ll need to have cleared funds available in your account before placing a trade. The standard funding method is via a bank transfer or debit card, but some brokers will accept credit card payments or even PayPal. Funding options vary widely between brokers.

Step 3: Decide how much to invest

Investing in a single company’s shares can be volatile, so check your risk tolerance and only invest an amount that you can afford to lose.

Step 4: Decide between shares or an ETF

ETFs (Exchange Traded Funds) are a type of fund that tracks the performance of a group of companies in the same, or related, industries. While they are considered less risky than investing in individual shares, bear in mind that they are not entirely without risk.

ETFs that have shares in Hikma Pharma include iShares Core MSCI EAFE ETF (IEFA), Schwab International Equity ETF (SCHF), and Hartford Multifactor Developed Markets (ex-US) ETF (RODM).

Step 5: Set up your order

A market order, which can be configured up quickly and very easily, means you can buy Hikma Pharma shares at the next available price. Most brokers allow you to set up an order to automatically buy or sell shares once your preferred price objective is met. You may also be able to set up an order to automatically buy or sell shares on a recurring basis over time.

Step 6: Execute the order

Once you are satisfied with your order, submit it to buy your shares.

Keeping an eye on the share price is important, but so is tracking what is being said about Hikma in the news. Keep an eye on what their competitors are up to since they can have a big impact on Hikma’s share price. This also includes news stories that relate to the products that they sell or are developing.

Hikma’s main competitors are Teva (NYSE: TEVA), Novartis (SWX: NOVN), Lupin Pharmaceuticals (NSE: LUPIN), and Boehringer Ingelheim (BHGR).