Brokerages Set OMV Aktiengesellschaft (OTCMKTS:OMVKY) Target Price at $51.50

OMV Aktiengesellschaft (OTCMKTS:OMVKYGet Rating) has been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $51.50.

A number of research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of OMV Aktiengesellschaft from €48.50 ($51.60) to €51.00 ($54.26) and gave the stock an “equal weight” rating in a research note on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft downgraded shares of OMV Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Wednesday, March 23rd. JPMorgan Chase & Co. dropped their price target on shares of OMV Aktiengesellschaft from €58.00 ($61.70) to €53.00 ($56.38) and set a “neutral” rating for the company in a research report on Tuesday, April 19th. Berenberg Bank dropped their price target on shares of OMV Aktiengesellschaft from €54.00 ($57.45) to €52.00 ($55.32) in a research report on Friday, March 18th. Finally, Barclays upped their price target on shares of OMV Aktiengesellschaft from €48.00 ($51.06) to €50.00 ($53.19) in a research report on Tuesday, May 3rd.

Shares of OMVKY opened at $57.83 on Thursday. OMV Aktiengesellschaft has a 1-year low of $42.15 and a 1-year high of $66.79. The firm has a fifty day moving average price of $49.74 and a 200 day moving average price of $54.34.

About OMV Aktiengesellschaft (Get Rating)

OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Russia, New Zealand, the United Arab Emirates, Malaysia, the rest of Central and Eastern Europe, the rest of Europe, and internationally. The company operates through Exploration & Production, Refining & Marketing, and Chemicals & Materials segments.

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