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Research analysts at Boenning Scattergood boosted their target price on shares of Farmers & Merchants Bancorp (NASDAQ:FMAO) from $26.00 to $30.00 in a report released on Tuesday. The firm currently has an “outperform” rating on the stock. Boenning Scattergood’s price target would suggest a potential upside of 14.29% from the stock’s previous close.

Farmers & Merchants Bancorp (NASDAQ:FMAO) remained flat at $26.25 during during mid-day trading trading on Tuesday. Farmers & Merchants Bancorp has a 52-week low of $19.90 and a 52-week high of $26.25. The stock has a 50-day moving average of $24.69 and a 200-day moving average of $24.. The company has a market cap of $120.8 million and a P/E ratio of 13.90.

Farmers & Merchants Bancorp, Inc is a bank holding company. The Company is engaged in the general commercial banking business.

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