Merck KGaA Coverage Initiated at Credit Suisse (MRK)
Equities research analysts at Credit Suisse initiated coverage on shares of Merck KGaA (FRA:MRK) in a research note issued to investors on Wednesday, Analyst RN reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on MRK. Analysts at Jefferies Group cut their price target on shares of Merck KGaA from €56.00 ($75.68) to €53.00 ($71.62) in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock. Separately, analysts at Leerink Swann raised their price target on shares of Merck KGaA to €48.40 ($65.41) in a research note to investors on Tuesday, August 20th. They now have a “market perform” rating on the stock. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of €99.45 ($134.39).
Merck KGaA (FRA:MRK) traded down 1.46% on Wednesday, hitting €111.10. The stock had a trading volume of 32 shares. Merck KGaA has a 52 week low of €96.555 and a 52 week high of €127.655. The stock’s 50-day moving average is €117.9 and its 200-day moving average is €118.2.
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