Merck KGaA (OTCMKTS:MKGAY) Receives Average Recommendation of “Buy” from Analysts

Shares of Merck KGaA (OTCMKTS:MKGAYGet Rating) have received an average rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $252.50.

Several brokerages have recently commented on MKGAY. JPMorgan Chase & Co. decreased their price objective on shares of Merck KGaA from €270.00 ($290.32) to €250.00 ($268.82) and set an “overweight” rating on the stock in a research report on Monday, March 14th. UBS Group upgraded shares of Merck KGaA from a “sell” rating to a “neutral” rating in a research report on Monday, February 28th.

Shares of MKGAY stock remained flat at $$38.36 on Monday. Merck KGaA has a fifty-two week low of $32.53 and a fifty-two week high of $42.02. The company’s 50-day moving average price is $38.36.

Merck KGaA Company Profile (Get Rating)

Merck KGaA is a science and technology company, which engages in the manufacture of pharmaceutical and chemical products. It operates through the following sectors: Healthcare, Life Science, Performance Materials and Corporate and Other. The Healthcare sector discovers, develops, and produces prescription medicines used to treat cancer, multiple sclerosis, and infertility.

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Analyst Recommendations for Merck KGaA (OTCMKTS:MKGAY)

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