Citigroup Forecasts Strong Price Appreciation for MANE (NYSE:MANE) Stock

by · The Cerbat Gem

MANE (NYSE:MANE – Get Free Report) had its price objective hoisted by equities researchers at Citigroup from $120.00 to $135.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 35.22% from the company’s current price.

A number of other analysts also recently issued reports on MANE. Wall Street Zen raised MANE to a “hold” rating in a report on Sunday, February 15th. Zacks Research raised shares of MANE to a “hold” rating in a research note on Tuesday, March 3rd. Cantor Fitzgerald began coverage on MANE in a report on Monday, March 2nd. They issued an “overweight” rating on the stock. Leerink Partners boosted their price objective on MANE from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group initiated coverage on shares of MANE in a research report on Monday, March 2nd. They set a “buy” rating and a $75.00 target price on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, MANE currently has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Get Our Latest Stock Report on MANE

MANE Stock Performance

MANE traded up $0.12 during trading hours on Monday, reaching $99.84. The company’s stock had a trading volume of 235,356 shares, compared to its average volume of 505,078. The business has a 50-day moving average of $73.79. MANE has a fifty-two week low of $32.00 and a fifty-two week high of $117.71.

MANE (NYSE:MANE – Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported ($1.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.76).

About MANE

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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.

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