A statement released earlier today by Bankhaus Lampe KG about Merck (ETR:MRK) bumps the target price to 112.00EUR
- Updated: October 16, 2016
Yesterday Merck (ETR:MRK) traded -0.59% lower at 97.63EUR. The company’s 50-day moving average is 62.56EUR and its 200-day moving average is 58.70EUR. The last stock close price is up 5.86% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 12,204,208 shares of the stock were exchanged, up from an average trading volume of 10,128,900
Reporting a potential upside of 0.15%, Bankhaus Lampe KG bumped up the price target of Merck (ETR:MRK) to 112.00EUR
Previously on Sunday October 16, 2016, Joh. Berenberg Gossler & Co. KG reported about Merck (ETR:MRK) raised the target price from 0.00EUR to 101.00EUR. At the time, this indicated a possible upside of 0.03%.
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Merck has a 52 week low of 47.97EUR and a 52 week high of 64.86EUR with a P/E ratio of 34.09 The company’s market cap is currently 0 EUR.
In addition to Bankhaus Lampe KG reporting its target price, a total of 20 firms have reported on the stock. The consensus target price is 61.60EUR with 2 firms rating the stock a strong buy, 7 firms rating the stock a buy, 13 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Merck (ETR:MRK)
Merck KGaA is a Germany-based company engaged in the pharmaceutical industry. The Company diversifies its activities into four business divisions: Merck Serono; Consumer Health; Merck Millipore, and Performance Materials. Within the Merck Serono division, the Company focuses on therapeutic areas and prescription drugs of chemical and biotechnological origin. The Consumer Health division comprises the over-the-counter products for preventive health care and self-treatment of minor ailments. The Merck Serono and Consumer Health divisions form together the Company's Pharmaceutical business sector. The Merck Millipore division comprises the activities of the Millipore Corporation. The Performance Materials division consists mainly of the Liquid Crystals and Pigments & Cosmetics business units. The Company operates through numerous subsidiaries, including Peer+ BV, AZ Electronic Materials (AZ) and Ormet Circuits Inc., a material supplier for the semiconductor industry.
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