Deutsche EuroShop (ETR:DEQ) has been assigned a €24.00 ($27.91) price objective by investment analysts at Nord/LB in a research note issued to investors on Friday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Nord/LB’s price objective suggests a potential downside of 7.34% from the stock’s current price.
A number of other equities analysts have also weighed in on the stock. Warburg Research set a €38.60 ($44.88) target price on shares of Deutsche EuroShop and gave the stock a “buy” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. set a €25.80 ($30.00) price target on shares of Deutsche EuroShop and gave the stock a “neutral” rating in a report on Thursday, January 16th. Independent Research set a €27.00 ($31.40) price target on shares of Deutsche EuroShop and gave the stock a “neutral” rating in a report on Thursday, January 9th. Deutsche Bank set a €28.50 ($33.14) price target on shares of Deutsche EuroShop and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, HSBC set a €24.00 ($27.91) price target on shares of Deutsche EuroShop and gave the stock a “sell” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of €29.13 ($33.87).
ETR:DEQ traded up €0.32 ($0.37) on Friday, reaching €25.90 ($30.12). 29,640 shares of the company’s stock were exchanged, compared to its average volume of 222,238. The company has a debt-to-equity ratio of 60.32, a current ratio of 2.37 and a quick ratio of 2.07. The firm has a market cap of $1.58 billion and a price-to-earnings ratio of 17.67. Deutsche EuroShop has a 52 week low of €22.10 ($25.70) and a 52 week high of €27.76 ($32.28). The stock has a fifty day simple moving average of €25.72 and a 200-day simple moving average of €25.47.
Deutsche EuroShop is Germany's only public company, that invests solely in shopping centers in prime locations. The Company currently has equity interests in 21 European shopping centers in Germany, Austria, Czech Republic, Hungary and Poland. The market value of these shopping centers, which are predominantly in city center locations, amounts to 5.1 billion.
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