MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRFGet Rating) have earned an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $11.73.

Several research analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on MERLIN Properties SOCIMI in a research note on Monday, July 11th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. cut MERLIN Properties SOCIMI from an “overweight” rating to a “neutral” rating in a research note on Monday, June 27th. Finally, Barclays lowered their target price on MERLIN Properties SOCIMI from €11.60 ($11.96) to €10.40 ($10.72) and set an “overweight” rating for the company in a report on Tuesday, July 5th.

MERLIN Properties SOCIMI Price Performance

MRPRF opened at $10.70 on Friday. MERLIN Properties SOCIMI has a one year low of $9.64 and a one year high of $12.49. The stock’s 50 day moving average price is $10.35 and its 200-day moving average price is $10.90.

MERLIN Properties SOCIMI Company Profile

(Get Rating)

MERLIN Properties SOCIMI, SA, one of the main real estate companies listed on the Spanish Stock Exchange (IBEX-35), has as its main activity the acquisition and management of tertiary real estate assets in the Iberian Peninsula. The Company is a public limited company incorporated as a SOCIMI. The main activity of the Company is the acquisition, active management, operation and selective rotation of quality commercial real estate assets in the investment segment Core and Core Plus, mainly in Spain and, to a lesser extent, in Portugal.

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Analyst Recommendations for MERLIN Properties SOCIMI (OTCMKTS:MRPRF)

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