Citigroup Corp. issued a report on Merck (ETR:MRK), raising its target price to 115.00EUR earlier today
- Updated: September 29, 2016
Boasting a price of 95.80EUR, Merck (ETR:MRK) traded -2.20% lower on the day. The last stock close price is up 6.86% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. Merck has recorded a 50-day average of 62.81EUR and a two hundred day average of 57.94EUR. Trade Volume was up over the average, with 10,930,029 shares of MRK changing hands over the typical 9,602,160
Stating a potential upside of 0.20%, Citigroup Corp. upped the target price of Merck (ETR:MRK) to 115.00EUR
On 9/29/2016, Citigroup Corp. released a statement for Merck (ETR:MRK) increased the target price from 0.00EUR to 115.00EUR. At the time, this suggested an upside of 0.20%.
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Merck has a 52 week low of 47.97EUR and a 52 week high of 64.00EUR with a P/E ratio of 33.96 MRK’s total market value is presently 0 EUR.
A total of 20 firms have issued a report on the stock. Two firms rating the stock a strong buy, seven analysts rating the company a buy, 13 brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell with a one year target of 61.60EUR.
Brief Synopsis 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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