Merck KGaA Given New €48.00 Price Target at BMO Capital Markets (MRK)
Equities researchers at BMO Capital Markets dropped their price objective on shares of Merck KGaA (FRA:MRK) from €50.00 ($67.57) to €48.00 ($64.86) in a research report issued on Thursday, Analyst Ratings Network reports. The firm currently has a “market perform” rating on the stock.
Merck KGaA (FRA:MRK) traded up 1.02% on Thursday, hitting €118.821. The stock had a trading volume of 860 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.
MRK has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein 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 Monday. They now have a “market perform” rating on the stock. Separately, 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, October 11th. They now have a “hold” rating on the stock. Finally, 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 given a buy rating to the company. Merck KGaA has a consensus rating of “Hold” and an average target price of €96.37 ($130.23).
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