MorphoSys (NASDAQ:MOR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday, The Fly reports.
MOR has been the subject of a number of other reports. Berenberg Bank reaffirmed a “buy” rating on shares of MorphoSys in a research note on Monday, December 21st. SVB Leerink reiterated a “market perform” rating on shares of MorphoSys in a research note on Monday, March 29th. Morgan Stanley reissued an “equal weight” rating on shares of MorphoSys in a research note on Monday, March 29th. Finally, Zacks Investment Research downgraded shares of MorphoSys from a “hold” rating to a “sell” rating in a research note on Wednesday, March 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. MorphoSys presently has a consensus rating of “Hold” and a consensus price target of $38.00.
MOR stock traded up $0.02 during mid-day trading on Thursday, hitting $22.18. 130 shares of the company were exchanged, compared to its average volume of 65,854. The business has a fifty day simple moving average of $24.15 and a 200-day simple moving average of $27.31. The firm has a market capitalization of $2.92 billion, a P/E ratio of 105.62 and a beta of 1.03. MorphoSys has a 12-month low of $21.27 and a 12-month high of $35.73.
MorphoSys Company Profile
MorphoSys AG, together with its subsidiaries, develops and commercializes antibodies and peptides for therapeutic applications in the United States. Its lead product candidate is Tafasitamab, an antibody for the treatment of B cell malignancies, including diffuse large B cell lymphoma and chronic lymphocytic leukemia.
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