Berenberg Bank Reiterates “€93.00” Price Target for Beiersdorf (ETR:BEI)
Berenberg Bank set a €93.00 ($104.49) target price on Beiersdorf (ETR:BEI) in a report issued on Friday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
A number of other research analysts have also recently commented on the stock. Kepler Capital Markets set a €95.00 ($106.74) price target on shares of Beiersdorf and gave the stock a neutral rating in a report on Friday, April 3rd. Jefferies Financial Group set a €93.00 ($104.49) target price on shares of Beiersdorf and gave the stock a neutral rating in a research note on Monday, July 6th. Nord/LB set a €84.00 ($94.38) price target on shares of Beiersdorf and gave the company a neutral rating in a research note on Wednesday, May 20th. Barclays set a €116.00 ($130.34) price objective on Beiersdorf and gave the stock a buy rating in a research note on Friday, June 19th. Finally, Goldman Sachs Group set a €83.00 ($93.26) target price on Beiersdorf and gave the company a sell rating in a research report on Monday, July 6th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of €98.06 ($110.17).
Shares of Beiersdorf stock opened at €98.44 ($110.61) on Friday. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 7.52. The stock’s fifty day moving average is €98.09 and its two-hundred day moving average is €98.53. Beiersdorf has a 52 week low of €77.62 ($87.21) and a 52 week high of €117.25 ($131.74). The company has a market capitalization of $22.28 billion and a PE ratio of 31.09.
Beiersdorf Aktiengesellschaft manufactures and distributes consumer goods in Europe, the Americas, Africa, Asia, and Australia. It operates in two segments, Consumer Business and Tesa Business. The Consumer Business Segment offers skin and body care products. The Tesa Business segment manufactures and sells self-adhesive system and product solutions for industries, craft businesses, and consumers.
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