Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFF) Stock Price Up 2.8% – Still a Buy?

Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFFGet Free Report)’s stock price rose 2.8% during mid-day trading on Friday . The company traded as high as $89.92 and last traded at $89.92. 119 shares were traded during trading, a decline of 98% from the average daily volume of 4,940 shares. The stock had previously closed at $87.4450.

Analysts Set New Price Targets

Several research firms have commented on BDRFF. UBS Group raised Beiersdorf Aktiengesellschaft from a “sell” rating to a “neutral” rating in a research report on Tuesday, March 31st. JPMorgan Chase & Co. restated a “neutral” rating on shares of Beiersdorf Aktiengesellschaft in a research report on Wednesday, March 18th. Berenberg Bank reaffirmed a “hold” rating on shares of Beiersdorf Aktiengesellschaft in a report on Monday, March 23rd. Finally, Morgan Stanley downgraded shares of Beiersdorf Aktiengesellschaft from an “equal weight” rating to an “underweight” rating in a research report on Monday, March 16th. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Beiersdorf Aktiengesellschaft has an average rating of “Reduce”.

Read Our Latest Stock Analysis on Beiersdorf Aktiengesellschaft

Beiersdorf Aktiengesellschaft Stock Performance

The business has a 50-day simple moving average of $83.36 and a two-hundred day simple moving average of $95.53.

Beiersdorf Aktiengesellschaft Company Profile

(Get Free Report)

Beiersdorf Aktiengesellschaft is a global consumer goods company headquartered in Hamburg, Germany, with a history dating back to its founding in 1882 by pharmacist Paul C. Beiersdorf. The company is best known for its skincare brands, including NIVEA, Eucerin, La Prairie and Labello, as well as its tesa division, which produces self-adhesive products and industrial tapes. Over its long history, Beiersdorf has built a reputation for innovation in dermatological research and product development, introducing pioneering formulations that span mass-market and premium segments.

The company’s operations are organized into two main business divisions.

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