Nord/LB Analysts Give Merck KGaA (MRK) a €98.00 Price Target
Merck KGaA (FRA:MRK) received a €98.00 ($116.67) price objective from stock analysts at Nord/LB in a research note issued on Friday. The brokerage presently has a “neutral” rating on the healthcare company’s stock. Nord/LB’s target price would indicate a potential upside of 10.27% from the company’s current price.
A number of other research analysts have also weighed in on MRK. Goldman Sachs Group set a €105.00 ($125.00) target price on Merck KGaA and gave the company a “neutral” rating in a report on Thursday, August 17th. DZ Bank restated a “neutral” rating on shares of Merck KGaA in a report on Thursday, August 17th. Berenberg Bank set a €109.00 ($129.76) price target on Merck KGaA and gave the company a “neutral” rating in a research report on Friday, August 18th. Independent Research set a €105.00 ($125.00) price target on Merck KGaA and gave the company a “neutral” rating in a research report on Monday, August 28th. Finally, equinet set a €112.00 ($133.33) price target on Merck KGaA and gave the company a “buy” rating in a research report on Thursday, August 31st. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Merck KGaA presently has an average rating of “Hold” and a consensus target price of €107.81 ($128.34).
Merck KGaA (FRA:MRK) traded up €0.97 ($1.15) during mid-day trading on Friday, hitting €88.87 ($105.80). The stock had a trading volume of 348,819 shares. Merck KGaA has a 52 week low of €87.33 ($103.96) and a 52 week high of €115.00 ($136.90).
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Merck KGaA Company Profile
MERCK Kommanditgesellschaft auf Aktien provides products in the healthcare, life science, and performance materials sectors worldwide. The company offers prescription medicines to treat colorectal cancer, head and neck tumors, multiple sclerosis, infertility, growth hormone disorders, cardiovascular disorders, diabetes, and thyroid disorders; diagnostics and prescription drugs for allergen immunotherapy; and biosimilars for oncology and inflammatory disorders.
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