The Beiersdorf paper was examined in more detail by Bernstein Research analyst Bruno Monteyne.
The US analysis house Bernstein Research has left the rating for Beiersdorf at “Market Perform” with a price target of 130 euros. The organic growth in the fourth quarter and the margins in the second half of the year were somewhat disappointing, wrote analyst Bruno Monteyne in a study available on Monday. But that is also because the consumer goods company’s expectations ran ahead of reality. Overall, the turnaround at Beiersdorf is going well.
Current stock recommendation: The Beiersdorf share is the focus of analysis and evaluation
The Beiersdorf share had to sell off in XETRA trading at 11:25 a.m. and fell by 0.2 percent to EUR 132.50. So the stock still has a downside risk of 1.89 percent compared to the specified price target. During trading to date, 41,113 Beiersdorf shares have been offered for purchase or sale via XETRA. Looking ahead to 2024, the share price fell by 2.4 percent. The submission of the Q2 2024 financial results is scheduled for August 7, 2024.
NEW YORK (dpa-AFX Analyzer) / editorial team finanzen.net
Publication of the original study: March 3, 2024 / 11:11 p.m. / UTC First time distribution of the original study: March 4, 2024 / 5:01 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 Para. 1 WpHG, Art. 20 Regulation (EU) 596/2014 for the analyst firm mentioned can be found at http://web.dpa-afx.de/offenstellenpflicht/ disclosure_duty.html.
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