Berenberg Bank Sticks to Their Hold Rating for Bayer (BAYRY)
In a report released on December 12, from Berenberg Bank maintained a Hold rating on Bayer, with a price target of $12.00. The company’s shares closed last Friday at $10.69.
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Currently, the analyst consensus on Bayer is a Hold with an average price target of $8.80, a -17.70% downside from current levels. In a report released on December 3, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $10.50 price target.
Based on Bayer’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $10.74 billion and a GAAP net loss of $199 million. In comparison, last year the company earned a revenue of $11.14 billion and had a GAAP net loss of $34 million
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