Berenberg Bank Reiterates €101.00 Price Target for Merck KGaA (MRK)
Merck KGaA (FRA:MRK) received a €101.00 ($112.22) price objective from research analysts at Berenberg Bank in a note issued to investors on Friday. The firm presently has a a “neutral” rating on the stock.
Several other research firms also recently commented on MRK. Commerzbank AG set a €101.00 ($112.22) price objective on Merck KGaA and gave the stock a “buy” rating in a report on Thursday, August 4th. Bankhaus Lampe set a €102.00 ($113.33) price objective on Merck KGaA and gave the stock a “buy” rating in a report on Tuesday, July 19th. BNP Paribas set a €114.00 ($126.67) price objective 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) price objective on Merck KGaA and gave the stock a “buy” rating in a report on Thursday, September 29th. Finally, S&P Global Inc. set a €103.00 ($114.44) target price on Merck KGaA and gave the stock a “neutral” rating in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of €100.82 ($112.03).
Merck KGaA (FRA:MRK) traded up 2.848% on Friday, reaching €97.898. The company had a trading volume of 425 shares. The company’s 50 day moving average is €95.74 and its 200-day moving average is €89.91. Merck KGaA has a one year low of €70.87 and a one year high of €100.00. The firm has a market capitalization of €42.56 billion and a price-to-earnings ratio of 30.631.
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/berenberg-bank-reiterates-101-00-price-target-for-merck-kgaa-mrk.html
About Merck KGaA
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.