Henkel plans to merge its cosmetics business with the cleaning products division in the coming months in order to leverage synergies.
(Photo: dpa)
Dusseldorf For the last five years, Henkel shares have been going in one direction: down. While the shares of the Persil manufacturer were still listed at over 120 euros in the summer of 2017, they are currently bobbing around at around 73 euros – at a discount of 40 percent compared to back then. This is remarkable for a consumer goods group, as these papers are considered to be comparatively stable.
Now could be a good time for investors to invest in the Düsseldorf-based Dax group – the first analysts are becoming more optimistic. According to financial data provider Bloomberg, 41 percent of Henkel observers recommend buying. 59 percent therefore recommend holding the share. On average, the analysts see a price target of a good 83 euros.
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