Bankhaus Lampe Reiterates €112.00 Price Target for Merck KGaA (MRK)
Merck KGaA (FRA:MRK) has been given a €112.00 ($124.44) price target by equities researchers at Bankhaus Lampe in a research report issued to clients and investors on Friday. The brokerage currently has a a “buy” rating on the stock.
A number of other brokerages also recently issued reports on MRK. Commerzbank AG set a €101.00 ($112.22) price objective on shares of Merck KGaA and gave the company a “buy” rating in a research report on Thursday, August 4th. Independent Research GmbH set a €102.00 ($113.33) price objective on shares of Merck KGaA and gave the company a “neutral” rating in a research report on Thursday, August 4th. Morgan Stanley set a €103.00 ($114.44) price objective on shares of Merck KGaA and gave the company a “neutral” rating in a research report on Monday, August 1st. Deutsche Bank AG set a €110.00 ($122.22) price objective on shares of Merck KGaA and gave the company a “buy” rating in a research report on Thursday, July 28th. Finally, Citigroup Inc. set a €115.00 ($127.78) target price on shares of Merck KGaA and gave the stock a “buy” rating in a report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of €100.82 ($112.03).
Merck KGaA (FRA:MRK) traded up 2.848% during midday trading on Friday, reaching €97.898. The company’s stock had a trading volume of 425 shares. Merck KGaA has a one year low of €70.87 and a one year high of €100.00. The firm has a market cap of €42.56 billion and a P/E ratio of 30.631. The firm has a 50 day moving average price of €95.74 and a 200 day moving average price of €89.91.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/14/bankhaus-lampe-reiterates-112-00-price-target-for-merck-kgaa-mrk.html
Merck KGaA Company Profile
Receive News & Ratings for Merck KGaA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merck KGaA and related companies with MarketBeat.com's FREE daily email newsletter.