JPMorgan Chase & Co. Reiterates €98.00 Price Target for Beiersdorf (ETR:BEI)

JPMorgan Chase & Co. set a €98.00 ($110.11) price objective on Beiersdorf (ETR:BEI) in a research note issued to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

Several other research firms have also recently issued reports on BEI. Bankhaus Lampe set a €120.00 ($134.83) target price on shares of Beiersdorf and gave the company a buy rating in a research note on Friday, April 3rd. Warburg Research set a €98.00 ($110.11) price objective on shares of Beiersdorf and gave the company a neutral rating in a research report on Tuesday, May 5th. DZ Bank restated a neutral rating on shares of Beiersdorf in a report on Tuesday. Barclays set a €116.00 ($130.34) target price on shares of Beiersdorf and gave the company a buy rating in a research note on Friday, June 19th. Finally, Jefferies Financial Group set a €93.00 ($104.49) price target on Beiersdorf and gave the company a neutral rating in a report on Monday, July 6th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of €98.06 ($110.17).

Shares of ETR:BEI opened at €95.92 ($107.78) on Wednesday. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.67 and a quick ratio of 1.26. Beiersdorf has a 1 year low of €77.62 ($87.21) and a 1 year high of €117.25 ($131.74). The company has a market cap of $22.28 billion and a P/E ratio of 30.30. The stock’s fifty day moving average price is €97.98 and its 200-day moving average price is €98.67.

Beiersdorf Company Profile

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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