Analysis: Current development of Beiersdorf shares on November 8th, 2023 - Financial experts see potential for favoritism for the company.

Analysis: Current development of Beiersdorf shares on November 8th, 2023 - Financial experts see potential for favoritism for the company.

According to a report by m.ariva.de, the price of Beiersdorf's shares is currently hardly changed compared to the closing price of the previous day. At the moment there is only a discount of 0.20 percent on the price board, which corresponds to a reduction of 25 cents. The security is currently valued at 122.40 euros on the stock market. Compared to the overall market, Beiersdorf shares are not doing so well with the small change. The DAX is currently up 0.33 percent compared to the last price of the previous trading day and comes to 15,203 points. The Beiersdorf security recorded its highest price to date on May 3, 2023. At that time, the share cost 128.60 euros, i.e. 6.20 euros more than it currently does.

Beiersdorf is a leading international manufacturer of consumer-oriented branded goods, with the “Consumer” division focusing on cosmetic products for body and skin care as well as end-user products for wound care and health.

In terms of competition, Beiersdorf shares are currently largely stable compared to companies such as Johnson & Johnson, Colgate-Palmolive and Procter & Gamble.

The US bank JPMorgan left the rating for Beiersdorf at “Overweight” and emphasized that Beiersdorf was to be favored from its perspective.

The small change in Beiersdorf's share price compared to the overall market may be due to various factors, including the current quarterly financial statements of consumer goods companies and the strategy of investors to take a more defensive stance and be more selective. These factors may also have an impact on the market or financial industry, as investors adjust their positions accordingly and may adopt more defensive and selective investment strategies.