equinet AG Analysts Give Bayer AG (BAYN) a €118.00 Price Target

Bayer AG (FRA:BAYN) received a €118.00 ($138.82) price objective from stock analysts at equinet AG in a report released on Friday. The brokerage currently has a “buy” rating on the healthcare company’s stock.

Several other equities research analysts have also recently weighed in on BAYN. Jefferies Group LLC set a €150.00 ($176.47) price target on Bayer AG and gave the company a “buy” rating in a research note on Friday, June 16th. Citigroup Inc. set a €130.00 ($152.94) target price on Bayer AG and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Deutsche Bank AG set a €124.00 ($145.88) target price on Bayer AG and gave the stock a “buy” rating in a research note on Monday, June 26th. UBS AG set a €125.00 ($147.06) target price on Bayer AG and gave the stock a “buy” rating in a research note on Tuesday, June 27th. Finally, Nord/LB reaffirmed a “neutral” rating on shares of Bayer AG in a research note on Wednesday, June 28th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of €121.55 ($142.99).

Bayer AG (FRA BAYN) opened at 118.125 on Friday. The firm’s 50-day moving average price is €111.39 and its 200-day moving average price is €112.22. Bayer AG has a one year low of €85.72 and a one year high of €123.83. The company has a market cap of €103.02 billion and a PE ratio of 20.433.

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