Bayer (FRA:BAYN) Given a €70.00 Price Target at Credit Suisse Group

Credit Suisse Group set a €70.00 ($81.40) price objective on Bayer (FRA:BAYN) in a research note released on Wednesday, July 31st, Borsen Zeitung reports. The brokerage currently has a buy rating on the healthcare company’s stock.

BAYN has been the topic of several other research reports. Warburg Research set a €61.00 ($70.93) target price on shares of Bayer and gave the stock a neutral rating in a report on Wednesday, May 15th. Baader Bank set a €123.00 ($143.02) target price on shares of Bayer and gave the stock a buy rating in a report on Tuesday, July 30th. Kepler Capital Markets set a €70.00 ($81.40) target price on shares of Bayer and gave the stock a neutral rating in a report on Thursday, June 27th. Independent Research set a €52.50 ($61.05) target price on shares of Bayer and gave the stock a sell rating in a report on Friday, June 28th. Finally, Goldman Sachs Group set a €77.00 ($89.53) target price on shares of Bayer and gave the stock a buy rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. Bayer presently has an average rating of Hold and an average target price of €81.43 ($94.69).

FRA:BAYN traded down €1.13 ($1.31) during trading hours on Wednesday, hitting €66.59 ($77.43). 3,337,936 shares of the stock traded hands. Bayer has a 1 year low of €91.58 ($106.49) and a 1 year high of €123.82 ($143.98). The stock has a 50 day moving average price of €60.79 and a 200 day moving average price of €61.00.

Bayer Company Profile

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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