MANE (NYSE:MANE) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts have assigned MANE a consensus recommendation of Moderate Buy (four buys, one hold) with an average 12‑month price target of $83.33; recent firm targets include Leerink $90, Jefferies $75 and Cantor Fitzgerald "overweight".
• The stock opened at $69, trades above its 50‑day moving average of $58.03, and has a one‑year trading range of $32.00 to $80.90.
• MANE is a France‑headquartered global manufacturer and supplier of flavors, fragrances and ingredients for the food, beverage, personal care and fine fragrance industries.

Shares of MANE (NYSE:MANE - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $83.3333.

A number of analysts have issued reports on the company. Zacks Research raised MANE to a "hold" rating in a research report on Tuesday, March 3rd. Jefferies Financial Group assumed coverage on MANE in a research report on Monday, March 2nd. They issued a "buy" rating and a $75.00 target price for the company. Leerink Partners raised their target price on MANE from $75.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday. Wall Street Zen raised MANE to a "hold" rating in a research report on Sunday, February 15th. Finally, Cantor Fitzgerald assumed coverage on MANE in a research report on Monday, March 2nd. They issued an "overweight" rating for the company.

MANE Price Performance

NYSE:MANE opened at $69.00 on Friday. The stock has a fifty day moving average price of $58.03. MANE has a 1 year low of $32.00 and a 1 year high of $80.90.

MANE Company Profile

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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