Merck KGaA Price Target Cut to €50.00 (MRK)
Stock analysts at Sanford C. Bernstein decreased their price objective on shares of Merck KGaA (FRA:MRK) from €53.00 ($71.62) to €50.00 ($67.57) in a report issued on Monday, American Banking News reports. The firm currently has a “market perform” 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 €53.00 ($71.62) to €50.00 ($67.57) in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Merck KGaA in a research note to investors on Wednesday, October 9th. They set a “neutral” rating on the stock. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of €96.54 ($130.46).
Merck KGaA (FRA:MRK) traded down 0.28% during mid-day trading on Monday, hitting €115.102. The stock had a trading volume of 565 shares. Merck KGaA has a one year low of €96.555 and a one year high of €127.655. The stock has a 50-day moving average of €117.9 and a 200-day moving average of €118.2.
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