DZ Bank AG Reaffirms “Neutral” Rating for Beiersdorf AG (BEI)
Beiersdorf AG (ETR:BEI)‘s stock had its “neutral” rating reaffirmed by equities research analysts at DZ Bank AG in a research note issued on Wednesday.
Several other research analysts have also recently weighed in on the stock. Barclays PLC set a €75.00 ($84.27) price target on shares of Beiersdorf AG and gave the company a “sell” rating in a report on Wednesday, April 26th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Beiersdorf AG in a report on Tuesday, March 28th. Baader Bank set a €96.00 ($107.87) price target on shares of Beiersdorf AG and gave the company a “neutral” rating in a report on Friday, April 21st. Goldman Sachs Group Inc set a €84.00 ($94.38) price target on shares of Beiersdorf AG and gave the company a “neutral” rating in a report on Friday, April 7th. Finally, Berenberg Bank set a €81.50 ($91.57) price target on shares of Beiersdorf AG and gave the company a “sell” rating in a report on Friday, April 28th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of €88.70 ($99.67).
Beiersdorf AG (ETR:BEI) traded up 0.227% during midday trading on Wednesday, reaching €94.073. 350 shares of the company’s stock were exchanged. Beiersdorf AG has a 1-year low of €74.16 and a 1-year high of €94.96. The firm’s 50-day moving average is €92.29 and its 200 day moving average is €84.88. The stock has a market cap of €21.34 billion and a P/E ratio of 30.094.
About Beiersdorf AG
Beiersdorf AG is a Germany-based company engaged in the production of personal products with focus on cosmetic products manufacture. The Company operates through the two business segments Consumer as well as tesa. The Consumer business segment provides skin and beauty care products and comprises operation of portfolio brands such as NIVEA, Eucerin, Labello, la prairie, Hansaplast and Florena, among others.
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