Bernstein Sticks to Its Buy Rating for MERLIN Properties SOCIMI SA (MRPRF)

In a report released today, Valerie Jacob (Guezi) from Bernstein maintained a Buy rating on MERLIN Properties SOCIMI SA, with a price target of €14.00. The company’s shares closed last Monday at $12.90.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for MERLIN Properties SOCIMI SA with a $15.56 average price target.

Based on MERLIN Properties SOCIMI SA’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $132.55 million and a net profit of $84.21 million. In comparison, last year the company earned a revenue of $124.21 million and had a net profit of $64.79 million