Merus N.V. (NASDAQ:MRUS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group LLC in a research report issued to clients and investors on Thursday. They presently have a $30.00 target price on the biotechnology company’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 85.99% from the stock’s previous close.
Several other equities analysts have also issued reports on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $28.00 price target on shares of Merus N.V. in a research report on Wednesday, October 18th. Zacks Investment Research lowered Merus N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, ValuEngine lowered Merus N.V. from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.25.
Shares of Merus N.V. (NASDAQ:MRUS) traded up 1.57% during mid-day trading on Thursday, hitting $16.13. 6,253 shares of the stock traded hands. The company’s 50-day moving average price is $18.55 and its 200 day moving average price is $18.55. Merus N.V. has a 1-year low of $13.13 and a 1-year high of $29.75. The company’s market capitalization is $312.86 million.
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An institutional investor recently bought a new position in Merus N.V. stock. Renaissance Technologies LLC purchased a new position in Merus N.V. (NASDAQ:MRUS) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 22,500 shares of the biotechnology company’s stock, valued at approximately $549,000. Renaissance Technologies LLC owned about 0.14% of Merus N.V. at the end of the most recent reporting period. Hedge funds and other institutional investors own 32.16% of the company’s stock.
Merus N.V. Company Profile
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