MorphoSys AG (MOR) Given a €90.00 Price Target by Deutsche Bank AG Analysts
MorphoSys AG (ETR:MOR) has been given a €90.00 ($107.14) price target by analysts at Deutsche Bank AG in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the stock.
Several other brokerages also recently issued reports on MOR. Independent Research GmbH set a €77.00 ($91.67) price objective on MorphoSys AG and gave the stock a “buy” rating in a research report on Monday, July 24th. Goldman Sachs Group, Inc. (The) set a €55.00 ($65.48) price objective on MorphoSys AG and gave the stock a “neutral” rating in a research report on Monday, July 24th. J P Morgan Chase & Co restated a “neutral” rating on shares of MorphoSys AG in a research report on Monday, July 17th. Commerzbank Ag set a €76.00 ($90.48) price objective on MorphoSys AG and gave the stock a “buy” rating in a research report on Friday, July 14th. Finally, Berenberg Bank set a €68.00 ($80.95) price objective on MorphoSys AG and gave the stock a “buy” rating in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of €70.38 ($83.78).
MorphoSys AG (MOR) opened at 65.25 on Thursday. The firm’s market cap is €1.89 billion. The firm’s 50 day moving average price is €60.15 and its 200-day moving average price is €59.03. MorphoSys AG has a one year low of €35.72 and a one year 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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