Warburg Research Set “€61.00” Target Price for Bayer (BAYN)

Warburg Research Set “€61.00” Target Price for Bayer (BAYN)

Warburg Research set a €61.00 ($70.93) price target on Bayer (FRA:BAYN) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the healthcare company’s stock.

BAYN has been the topic of a number of other reports. JPMorgan Chase & Co. set a €70.00 ($81.40) price objective on shares of Bayer and gave the company a neutral rating in a research note on Wednesday, January 2nd. UBS Group reissued a buy rating and issued a price objective on shares of Bayer in a research note on Wednesday, January 2nd. Sanford C. Bernstein set a €88.00 ($102.33) price objective on shares of Bayer and gave the company a buy rating in a research note on Wednesday, January 2nd. Barclays set a €80.00 ($93.02) price objective on shares of Bayer and gave the company a buy rating in a research note on Tuesday, January 15th. Finally, Goldman Sachs Group set a €78.00 ($90.70) price objective on shares of Bayer and gave the company a buy rating in a research note on Tuesday, January 15th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. The company has an average rating of Hold and an average target price of €81.72 ($95.02).

Shares of BAYN traded up €0.30 ($0.35) during mid-day trading on Wednesday, hitting €61.87 ($71.94). 2,836,892 shares of the company’s stock were exchanged. Bayer has a 52 week low of €91.58 ($106.49) and a 52 week high of €123.82 ($143.98).

About Bayer

Bayer Aktiengesellschaft operates as a life science company worldwide. It operates through Pharmaceuticals, Consumer Health, Crop Science, and Animal Health segments. The Pharmaceuticals segment offers prescription products primarily for cardiology and women's health care; specialty therapeutics in the areas of oncology, hematology, and ophthalmology; and diagnostic imaging equipment and contrast agents.

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