Beiersdorf (BEI) Earns “Buy” Rating from Morgan Stanley

Beiersdorf (ETR:BEI)‘s stock had its “buy” rating reaffirmed by Morgan Stanley in a research report issued to clients and investors on Tuesday, October 16th.

A number of other brokerages also recently commented on BEI. Berenberg Bank set a €85.00 ($98.84) target price on shares of Beiersdorf and gave the stock a “sell” rating in a research note on Thursday, August 9th. JPMorgan Chase & Co. set a €101.00 ($117.44) target price on shares of Beiersdorf and gave the stock a “neutral” rating in a research note on Tuesday, August 21st. Sanford C. Bernstein set a €86.00 ($100.00) target price on shares of Beiersdorf and gave the stock a “sell” rating in a research note on Thursday, October 4th. Credit Suisse Group set a €95.00 ($110.47) target price on shares of Beiersdorf and gave the stock a “neutral” rating in a research note on Friday, August 31st. Finally, Independent Research set a €105.00 ($122.09) target price on shares of Beiersdorf and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of €96.68 ($112.42).

BEI stock traded up €1.10 ($1.28) during mid-day trading on Tuesday, reaching €91.78 ($106.72). The company had a trading volume of 451,480 shares, compared to its average volume of 494,110. Beiersdorf has a 12 month low of €85.12 ($98.98) and a 12 month high of €102.00 ($118.60).

About Beiersdorf

Beiersdorf Aktiengesellschaft manufactures and distributes consumer goods in Europe, the Americas, Africa, Asia, and Australia. Beiersdorf Aktiengesellschaft manufactures and distributes consumer goods in the area of skin and body care; and technical adhesive tapes in Europe, the Americas, Africa, Asia, and Australia.

See Also: Dollar Cost Averaging

Analyst Recommendations for Beiersdorf (ETR:BEI)

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