Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFF) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Shares of Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFFGet Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $88.09 and traded as low as $83.36. Beiersdorf Aktiengesellschaft shares last traded at $83.36, with a volume of 192 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. UBS Group raised Beiersdorf Aktiengesellschaft from a “sell” rating to a “neutral” rating in a research report on Tuesday, March 31st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Beiersdorf Aktiengesellschaft in a research report on Wednesday, March 18th. Morgan Stanley downgraded Beiersdorf Aktiengesellschaft from an “equal weight” rating to an “underweight” rating in a research report on Monday, March 16th. Berenberg Bank reaffirmed a “hold” rating on shares of Beiersdorf Aktiengesellschaft in a research report on Monday, March 23rd. Finally, Royal Bank Of Canada lowered shares of Beiersdorf Aktiengesellschaft from a “sector perform” rating to an “underperform” rating in a report on Tuesday, March 10th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Beiersdorf Aktiengesellschaft presently has an average rating of “Reduce”.

View Our Latest Analysis on BDRFF

Beiersdorf Aktiengesellschaft Trading Down 1.4%

The business’s fifty day moving average price is $87.51 and its two-hundred day moving average price is $101.80.

Beiersdorf Aktiengesellschaft Company Profile

(Get Free Report)

Beiersdorf Aktiengesellschaft is a global consumer goods company headquartered in Hamburg, Germany, with a history dating back to its founding in 1882 by pharmacist Paul C. Beiersdorf. The company is best known for its skincare brands, including NIVEA, Eucerin, La Prairie and Labello, as well as its tesa division, which produces self-adhesive products and industrial tapes. Over its long history, Beiersdorf has built a reputation for innovation in dermatological research and product development, introducing pioneering formulations that span mass-market and premium segments.

The company’s operations are organized into two main business divisions.

Further Reading

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