Berenberg Bank Reiterates €101.00 Price Target for Merck KGaA (MRK)
Merck KGaA (FRA:MRK) has been given a €101.00 ($112.22) price target by equities research analysts at Berenberg Bank in a research note issued to investors on Friday. The brokerage presently has a a “neutral” rating on the stock.
Several other equities analysts have also recently weighed in on MRK. Commerzbank AG set a €101.00 ($112.22) price objective on Merck KGaA and gave the company a “buy” rating in a report on Thursday, August 4th. Warburg Research set a €103.10 ($114.56) price target on Merck KGaA and gave the stock a “buy” rating in a report on Thursday, August 4th. S&P Global Inc. set a €103.00 ($114.44) price target on Merck KGaA and gave the stock a “neutral” rating in a report on Thursday, August 4th. Morgan Stanley set a €92.00 ($102.22) price target on Merck KGaA and gave the stock a “sell” rating in a report on Tuesday, June 21st. Finally, Bankhaus Lampe set a €102.00 ($113.33) price target on Merck KGaA and gave the stock a “buy” rating in a report on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the stock. The stock currently 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 had a trading volume of 425 shares. The firm has a market capitalization of €42.56 billion and a PE ratio of 30.631. The firm’s 50 day moving average price is €95.74 and its 200 day moving average price is €89.91. Merck KGaA has a 12-month low of €70.87 and a 12-month high of €100.00.
About Merck KGaA
Receive News & Stock 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 stocks with our FREE daily email newsletter.