JPMorgan Chase & Co. Downgrades MERLIN Properties SOCIMI (OTCMKTS:MRPRF) to Neutral

JPMorgan Chase & Co. lowered shares of MERLIN Properties SOCIMI (OTCMKTS:MRPRFGet Rating) from an overweight rating to a neutral rating in a report issued on Monday morning, The Fly reports.

A number of other research firms also recently issued reports on MRPRF. Oddo Bhf upgraded MERLIN Properties SOCIMI from a neutral rating to an outperform rating and set a €12.60 ($13.40) price objective for the company in a report on Monday, April 4th. Morgan Stanley increased their price objective on MERLIN Properties SOCIMI from €11.00 ($11.70) to €12.00 ($12.77) in a report on Thursday, March 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $12.31.

OTCMKTS:MRPRF opened at $10.26 on Monday. MERLIN Properties SOCIMI has a 52-week low of $9.70 and a 52-week high of $12.49. The stock has a 50-day simple moving average of $10.80 and a 200 day simple moving average of $11.07.

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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