Bayer AG (BAYN) Given a €120.00 Price Target at Independent Research GmbH
Bayer AG (FRA:BAYN) received a €120.00 ($142.86) target price from equities researchers at Independent Research GmbH in a research note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the healthcare company’s stock.
Several other brokerages have also issued reports on BAYN. Citigroup Inc. set a €130.00 ($154.76) target price on Bayer AG and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Jefferies Group LLC set a €150.00 ($178.57) target price on Bayer AG and gave the stock a “buy” rating in a research report on Friday, June 16th. Bank of America Corporation set a €140.00 ($166.67) target price on Bayer AG and gave the stock a “buy” rating in a research report on Monday, June 12th. Sanford C. Bernstein set a €128.00 ($152.38) target price on Bayer AG and gave the stock a “buy” rating in a research report on Monday, June 12th. Finally, Baader Bank set a €120.00 ($142.86) target price on Bayer AG and gave the stock a “neutral” rating in a research report on Friday, June 9th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Bayer AG has a consensus rating of “Buy” and a consensus price target of €119.55 ($142.32).
Shares of Bayer AG (FRA:BAYN) traded down 0.202% during midday trading on Wednesday, reaching €111.325. The company’s stock had a trading volume of 972 shares. The company’s 50-day moving average price is €108.00 and its 200 day moving average price is €111.16. The company has a market capitalization of €97.09 billion and a P/E ratio of 19.257. Bayer AG has a 12-month low of €85.72 and a 12-month high of €123.83.
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