Merus NV (MRUS) Receives Average Recommendation of “Hold” from Analysts
Merus NV (NASDAQ:MRUS) has been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $30.25.
A number of brokerages recently issued reports on MRUS. Royal Bank of Canada cut shares of Merus from an “outperform” rating to a “sector perform” rating and set a $28.00 price objective for the company. in a report on Tuesday, January 2nd. BidaskClub upgraded shares of Merus from a “strong sell” rating to a “sell” rating in a report on Saturday, December 30th. Wedbush restated an “outperform” rating and set a $32.00 price objective on shares of Merus in a report on Friday, January 12th. Finally, Zacks Investment Research upgraded shares of Merus from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th.
Shares of Merus (NASDAQ:MRUS) traded down $0.14 during midday trading on Thursday, reaching $19.73. 34,162 shares of the company were exchanged, compared to its average volume of 53,264. The firm has a market capitalization of $387.35 and a PE ratio of -2.82. Merus has a 52-week low of $13.23 and a 52-week high of $30.78.
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Merus Company Profile
Merus NV is a biotechnology company based in the Netherlands. The Company develops differentiating therapeutics for cancer patients. The product programs in the Merus pipeline are based on the Biclonics format. Its products inlcude, among others, MCLA-134 that is designed to bind to a combination of two immunomodulatory targets expressed by T cells, as wellas MCLA-145 that is designed to bind to a tumor-associated target with an immunomodulatory target involved in checkpoint inhibition.
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