DZ Bank AG Reiterates Neutral Rating for Bayer AG (BAYN)
Bayer AG (FRA:BAYN)‘s stock had its “neutral” rating reissued by equities researchers at DZ Bank AG in a research report issued to clients and investors on Saturday.
A number of other brokerages have also recently commented on BAYN. Citigroup Inc set a €125.00 ($137.36) target price on Bayer AG and gave the company a “buy” rating in a report on Wednesday, March 1st. Deutsche Bank AG set a €120.00 ($131.87) target price on Bayer AG and gave the company a “buy” rating in a report on Tuesday, April 11th. Independent Research GmbH set a €120.00 ($131.87) target price on Bayer AG and gave the company a “neutral” rating in a report on Friday, April 28th. Jefferies Group LLC set a €145.00 ($159.34) target price on Bayer AG and gave the company a “buy” rating in a report on Monday, May 15th. Finally, Nord/LB set a €112.00 ($123.08) target price on Bayer AG and gave the company a “neutral” rating in a report on Tuesday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Bayer AG has a consensus rating of “Buy” and a consensus price target of €115.43 ($126.84).
Bayer AG (FRA:BAYN) traded up 0.02% during mid-day trading on Friday, hitting €116.80. The company had a trading volume of 3,259 shares. Bayer AG has a 52-week low of €83.87 and a 52-week high of €117.60. The company has a 50-day moving average price of €110.52 and a 200 day moving average price of €102.45. The company has a market capitalization of €101.78 billion and a P/E ratio of 19.32.
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