MANE (NYSE:MANE) Given New $135.00 Price Target at Citigroup

MANE (NYSE:MANE) had its target price increased by stock analysts at Citigroup from $120.00 to $135.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 35.22% from the stock’s previous close.

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

MANE Stock Up 0.1%

NYSE MANE traded up $0.12 during trading hours on Monday, hitting $99.84. The company had a trading volume of 235,356 shares, compared to its average volume of 505,078. MANE has a 52 week low of $32.00 and a 52 week high of $117.71. The company’s 50 day moving average is $73.79.

MANE (NYSE:MANE) last released its quarterly 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

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.