Bayer Aktiengesellschaft (OTCMKTS:BAYRY) Hits New 1-Year High – Time to Buy?

Bayer Aktiengesellschaft (OTCMKTS:BAYRYGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $14.55 and last traded at $14.11, with a volume of 1491914 shares changing hands. The stock had previously closed at $13.58.

More Bayer Aktiengesellschaft News

Here are the key news stories impacting Bayer Aktiengesellschaft this week:

Analysts Set New Price Targets

Several research analysts recently issued reports on BAYRY shares. JPMorgan Chase & Co. raised Bayer Aktiengesellschaft from a “neutral” rating to an “overweight” rating in a research note on Monday, December 8th. Zacks Research raised Bayer Aktiengesellschaft from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. DZ Bank lowered Bayer Aktiengesellschaft from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday. Morgan Stanley upgraded Bayer Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 3rd. Finally, Barclays upgraded shares of Bayer Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Bayer Aktiengesellschaft currently has an average rating of “Buy”.

View Our Latest Stock Analysis on BAYRY

Bayer Aktiengesellschaft Price Performance

The company’s 50-day moving average is $12.08 and its 200-day moving average is $9.56. The firm has a market capitalization of $52.19 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 4.77 and a beta of 0.68. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.14 and a quick ratio of 0.71.

About Bayer Aktiengesellschaft

(Get Free Report)

Bayer Aktiengesellschaft is a global life sciences company headquartered in Leverkusen, Germany, with a history dating back to 1863. The company operates across three principal business areas—Pharmaceuticals, Consumer Health and Crop Science—serving customers and markets worldwide. Bayer develops, manufactures and markets prescription medicines, over-the-counter healthcare products and agricultural solutions, and maintains research and development programs focused on new therapies and technologies in its core fields.

In Pharmaceuticals, Bayer focuses on prescription drugs across therapeutic areas such as cardiology, oncology, hematology and women’s health, supporting clinical development and regulatory activities for both marketed products and pipeline candidates.

Further Reading

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