Morgan Stanley Raises Bureau Veritas (OTCMKTS:BVRDF) Price Target to €23.50

Bureau Veritas (OTCMKTS:BVRDFGet Rating) had its price objective upped by Morgan Stanley to €23.50 ($24.23) in a research report sent to investors on Tuesday morning, The Fly reports.

A number of other brokerages also recently weighed in on BVRDF. Credit Suisse Group initiated coverage on Bureau Veritas in a research report on Wednesday, June 1st. They set a hold rating and a $28.50 price objective on the stock. Cheuvreux cut Bureau Veritas from a buy rating to a hold rating and set a €27.00 ($27.84) price objective for the company. in a research note on Monday, July 11th. JPMorgan Chase & Co. reduced their price target on Bureau Veritas from €25.00 ($25.77) to €24.00 ($24.74) in a research report on Thursday, June 30th. Deutsche Bank Aktiengesellschaft reduced their price target on Bureau Veritas from €29.00 ($29.90) to €26.00 ($26.80) in a research report on Thursday, June 23rd. Finally, Royal Bank of Canada boosted their price objective on Bureau Veritas from €27.50 ($28.35) to €28.00 ($28.87) in a research report on Monday, August 1st. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $26.50.

Bureau Veritas Stock Performance

BVRDF stock opened at $27.00 on Tuesday. Bureau Veritas has a twelve month low of $24.01 and a twelve month high of $34.34. The business’s fifty day simple moving average is $26.49 and its two-hundred day simple moving average is $27.77.

Bureau Veritas Company Profile

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Bureau Veritas SA provides laboratory testing, inspection, and certification services. It operates through six segments: Marine & Offshore; Agri-Food & Commodities; Industry; Buildings & Infrastructure; Certification; and Consumer Products. The company engages in the inspecting, analyzing, auditing, and certifying the products, assets, and management systems of its customers in relation to regulatory benchmarks or volunteers, as well as issues compliance reports.

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