MorphoSys AG (MOR) Stock Rating Reaffirmed by J P Morgan Chase & Co

MorphoSys AG (ETR:MOR)‘s stock had its “neutral” rating reaffirmed by J P Morgan Chase & Co in a research report issued on Monday, July 17th.

A number of other research analysts have also recently issued reports on the stock. Independent Research GmbH set a €77.00 ($90.59) target price on shares of MorphoSys AG and gave the company a “buy” rating in a research note on Monday, July 17th. Goldman Sachs Group, Inc. (The) set a €55.00 ($64.71) target price on shares of MorphoSys AG and gave the company a “neutral” rating in a research note on Monday, July 17th. HSBC Holdings plc set a €59.00 ($69.41) target price on shares of MorphoSys AG and gave the company a “neutral” rating in a research note on Friday, July 14th. Commerzbank Ag set a €76.00 ($89.41) target price on shares of MorphoSys AG and gave the company a “buy” rating in a research note on Friday, July 14th. Finally, Berenberg Bank set a €68.00 ($80.00) price target on shares of MorphoSys AG and gave the company a “buy” rating in a report on Friday, July 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. MorphoSys AG has an average rating of “Buy” and a consensus target price of €69.57 ($81.85).

Shares of MorphoSys AG (ETR MOR) traded down 0.671% during trading on Monday, reaching €56.121. The company had a trading volume of 4,188 shares. The firm has a 50-day moving average of €62.27 and a 200-day moving average of €57.58. The company’s market cap is €1.63 billion. MorphoSys AG has a 12-month low of €35.72 and a 12-month high of €70.90.

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About MorphoSys AG

MorphoSys AG, together with its subsidiaries, engages in the research, development, and optimization of therapeutic antibody drug candidates in partnerships with pharmaceutical and biotechnology companies. The company, together with its pharmaceutical partners, develops a therapeutic pipeline of approximately 100 human antibody drug candidates for the treatment of cancer, rheumatoid arthritis, Alzheimer's disease, infectious diseases, cardiovascular dysfunction, and inflammation.

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