Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFF) Downgraded to Underweight Rating by Morgan Stanley

Morgan Stanley downgraded shares of Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFF) from an equal weight rating to an underweight rating in a research note released on Monday morning, MarketBeat.com reports.

Separately, Royal Bank Of Canada lowered shares of Beiersdorf Aktiengesellschaft from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Beiersdorf Aktiengesellschaft Price Performance

Shares of OTCMKTS:BDRFF opened at $88.07 on Monday. Beiersdorf Aktiengesellschaft has a 12-month low of $88.07 and a 12-month high of $145.98. The business has a 50-day moving average price of $110.41 and a 200 day moving average price of $108.91.

About Beiersdorf Aktiengesellschaft

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.