MANE (NYSE:MANE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

MANE (NYSE:MANE) has received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $100.00.

MANE has been the subject of a number of recent research reports. Leerink Partners increased their target price on MANE from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Zacks Research raised MANE to a “hold” rating in a report on Tuesday, March 3rd. Wall Street Zen raised MANE to a “hold” rating in a report on Sunday, February 15th. Citigroup increased their target price on MANE from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Monday. Finally, Cantor Fitzgerald started coverage on MANE in a research report on Monday, March 2nd. They set an “overweight” rating on the stock.

MANE Stock Up 1.2%

MANE stock opened at $100.88 on Tuesday. The firm has a 50 day moving average price of $74.84. MANE has a 12 month low of $32.00 and a 12 month high of $117.71.

MANE (NYSE:MANE) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($1.32) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.76).

About MANE

MANE is a global manufacturer and supplier of flavors, fragrances and ingredients for the food, beverage, personal care, household and fine fragrance markets. Headquartered in France, the company develops and produces aromatic solutions that are used by consumer goods companies, food processors, perfumers and formulators seeking sensory impact, taste modulation and olfactory character for their products.

The company’s product portfolio includes savory and sweet flavor systems, beverage concentrates, natural extracts, essential oils, fragrance compounds, cosmetic ingredients and specialty functional solutions such as taste enhancers and odor masking agents.