Merck KGaA (MRK) PT Set at €103.00 by Morgan Stanley

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Merck KGaA (FRA:MRK) received a €103.00 ($114.44) target price from equities research analysts at Morgan Stanley in a research note issued to investors on Monday. The firm presently has a a “neutral” rating on the stock.
A number of other equities research analysts have also commented on the stock. Commerzbank AG set a €101.00 ($112.22) price objective on shares of Merck KGaA and gave the stock a “buy” rating in a report on Friday, July 22nd. Citigroup Inc. set a €115.00 ($127.78) price objective on shares of Merck KGaA and gave the stock a “buy” rating in a report on Tuesday, July 26th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Merck KGaA in a report on Thursday, July 21st. Bank of America Corp. set a €98.00 ($108.89) price objective on shares of Merck KGaA and gave the stock a “buy” rating in a report on Friday, April 22nd. Finally, DZ Bank AG restated a “buy” rating on shares of Merck KGaA in a report on Thursday, July 14th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of €100.55 ($111.72).
Merck KGaA (FRA:MRK) opened at 95.258 on Monday. The firm has a market cap of €41.42 billion and a price-to-earnings ratio of 29.805. Merck KGaA has a 12 month low of €70.87 and a 12 month high of €100.00. The stock’s 50 day moving average is €96.69 and its 200-day moving average is €87.29.

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