After several weeks of range-bound movement, shares in Bayer AG could enter into a new clear trend. The exit out of the current trading range could be the signal for a return of volatility. Investors have an opportunity to buy the stock and target the € 98.82.
The company has solid fundamentals for a short-term investment strategy.
The group's high margin levels account for strong profits.
Analysts covering this company mostly recommend stock overweighting or purchase.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
For the past seven days, analysts have been lowering their EPS expectations for the company.
Below the resistance at 99.3 EUR, the stock shows a negative configuration when looking looking at the weekly chart.
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