MANE’s Quiet Period To End on March 16th (NYSE:MANE)

MANE’s (NYSE:MANE) quiet period will end on Monday, March 16th. MANE had issued 15,077,647 shares in its public offering on February 4th. The total size of the offering was $256,319,999 based on an initial share price of $17.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MANE. Citigroup started coverage on shares of MANE in a report on Monday, March 2nd. They set a “buy” rating and a $85.00 price objective for the company. Zacks Research upgraded shares of MANE to a “hold” rating in a research report on Tuesday, March 3rd. Jefferies Financial Group began coverage on shares of MANE in a research note on Monday, March 2nd. They issued a “buy” rating and a $75.00 target price on the stock. Leerink Partners initiated coverage on shares of MANE in a research note on Monday, March 2nd. They set an “outperform” rating and a $75.00 price target for the company. Finally, Cantor Fitzgerald began coverage on shares of MANE in a report on Monday, March 2nd. They issued an “overweight” rating on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.33.

MANE Trading Up 0.7%

MANE stock opened at $48.96 on Monday. MANE has a 1-year low of $32.00 and a 1-year high of $51.56.

About MANE

MANE is a global manufacturer and supplier of flavors, fragrances and ingredients for the food, beverage, personal care, household and fine fragrance markets. Headquartered in France, the company develops and produces aromatic solutions that are used by consumer goods companies, food processors, perfumers and formulators seeking sensory impact, taste modulation and olfactory character for their products.

The company’s product portfolio includes savory and sweet flavor systems, beverage concentrates, natural extracts, essential oils, fragrance compounds, cosmetic ingredients and specialty functional solutions such as taste enhancers and odor masking agents.