Berenberg Bank Analysts Give Merck KGaA (MRK) a €101.00 Price Target
Merck KGaA (FRA:MRK) has been given a €101.00 ($112.22) price objective by equities researchers at Berenberg Bank in a research note issued on Friday. The brokerage presently has a a “neutral” rating on the stock.
A number of other equities analysts also recently issued reports on the company. Commerzbank AG set a €101.00 ($112.22) price objective on Merck KGaA and gave the stock a “buy” rating in a research report on Friday. equinet AG set a €91.00 ($101.11) price objective on Merck KGaA and gave the stock a “neutral” rating in a research report on Friday. BNP Paribas set a €114.00 ($126.67) target price on Merck KGaA and gave the stock a “buy” rating in a report on Friday, September 30th. Citigroup Inc. set a €115.00 ($127.78) target price on Merck KGaA and gave the stock a “buy” rating in a report on Thursday, September 29th. Finally, Bank of America Corp. set a €115.00 ($127.78) target price on Merck KGaA and gave the stock a “buy” rating in a report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of €100.82 ($112.03).
Merck KGaA (FRA:MRK) traded up 2.848% during trading on Friday, reaching €97.898. The company’s stock had a trading volume of 425 shares. The stock has a market cap of €42.56 billion and a PE ratio of 30.631. The company’s 50-day moving average is €95.74 and its 200-day moving average is €89.91. Merck KGaA has a 12 month low of €70.87 and a 12 month high of €100.00.
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 http://www.americanbankingnews.com/2016/10/14/berenberg-bank-analysts-give-merck-kgaa-mrk-a-101-00-price-target.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.