Commerzbank Ag Analysts Give MorphoSys AG (MOR) a €76.00 Price Target
A number of other equities analysts have also recently issued reports on the company. Berenberg Bank set a €68.00 ($80.95) target price on MorphoSys AG and gave the stock a buy rating in a report on Wednesday, August 16th. Independent Research GmbH set a €77.00 ($91.67) price target on MorphoSys AG and gave the company a buy rating in a report on Monday, August 7th. Deutsche Bank AG set a €90.00 ($107.14) price target on MorphoSys AG and gave the company a buy rating in a report on Monday, August 7th. J P Morgan Chase & Co set a €62.00 ($73.81) price target on MorphoSys AG and gave the company a neutral rating in a report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) set a €55.00 ($65.48) price target on MorphoSys AG and gave the company a neutral rating in a report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. MorphoSys AG currently has an average rating of Buy and an average target price of €69.57 ($82.82).
MorphoSys AG (ETR MOR) opened at 60.914 on Thursday. The company’s 50-day moving average price is €60.50 and its 200-day moving average price is €58.54. The company’s market capitalization is €1.77 billion. MorphoSys AG has a 52 week low of €35.72 and a 52 week high of €70.90.
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About MorphoSys AG
MorphoSys AG, together with its subsidiaries, engages in the research, development, and optimization of therapeutic antibody drug candidates in partnerships with pharmaceutical and biotechnology companies. The company, together with its pharmaceutical partners, develops a therapeutic pipeline of approximately 100 human antibody drug candidates for the treatment of cancer, rheumatoid arthritis, Alzheimer's disease, infectious diseases, cardiovascular dysfunction, and inflammation.
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