Merck KGaA PT Raised to €56.00 at Jefferies Group (MRK)

Equities researchers at Jefferies Group upped their price target on shares of Merck KGaA (FRA: MRK) from €54.00 ($70.13) to €56.00 ($72.73) in a research report issued on Friday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock.

Shares of Merck KGaA (FRA: MRK) opened at 123.821 on Friday. Merck KGaA has a one year low of €73.85 and a one year high of €125.629. The stock’s 50-day moving average is currently €94.50.

Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Merck KGaA from €51.00 ($66.23) to €54.00 ($70.13) in a research note to investors on Tuesday, June 4th. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase reiterated a “neutral” rating on shares of Merck KGaA in a research note to investors on Tuesday, May 28th. They now have a €120.00 ($155.84) price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Merck KGaA in a research note to investors on Thursday, May 23rd. They set an “overweight” rating and a €142.00 ($184.42) price target on the stock.

Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of €103.98 ($135.05).

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