Citigroup Downgrades Merus N.V. – Common Shares to Neutral with Price Target $31

Brokerage firm Citigroup Downgrades its rating on Merus N.V. – Common Shares(MRUS). As per the latest information, Citigroup Raises the price target to $31 per share from a prior target of $26. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Citigroup was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Dec 22, 2016, Citigroup said it Upgrades its rating on Merus N.V. – Common Shares. The shares have been rated ‘Buy’ by the firm.

Merus N.V. – Common Shares (MRUS) shares turned negative on Fridays trading session with the shares closing down -0.74 points or -2.92% at a volume of 31,057. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.48. The peak price level was also seen at $25.48 while the days lowest was $24.54. Finally the shares closed at $24.59. The 52-week high of the shares is $33.634 while the 52-week low is $7.255. According to the latest information available, the market cap of the company is $379 M.

Merus N.V. – Common Shares(MRUS) last announced its earnings results on Nov 7, 2016 for Fiscal Year 2016 and Q3.Earnings per share were $-0.34. The reported EPS was above estimates by $0.21 or 38.18%. Analysts had estimated an EPS of $-0.55.

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