JPMorgan Chase & Co. Reiterates €140.00 Price Target for Deutsche Boerse (ETR:DB1)
Deutsche Boerse (ETR:DB1) has been assigned a €140.00 ($162.79) price objective by analysts at JPMorgan Chase & Co. in a research note issued on Tuesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 3.78% from the company’s previous close.
DB1 has been the topic of a number of other research reports. Bank of America set a €134.00 ($155.81) price target on Deutsche Boerse and gave the stock a “buy” rating in a research report on Monday, July 8th. Deutsche Bank set a €147.00 ($170.93) price target on Deutsche Boerse and gave the stock a “buy” rating in a research report on Friday, September 27th. Berenberg Bank set a €132.00 ($153.49) price target on Deutsche Boerse and gave the stock a “sell” rating in a research report on Thursday, September 19th. Credit Suisse Group set a €140.40 ($163.26) price target on Deutsche Boerse and gave the stock a “neutral” rating in a research report on Tuesday, October 1st. Finally, HSBC set a €147.00 ($170.93) price target on Deutsche Boerse and gave the stock a “buy” rating in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Deutsche Boerse has an average rating of “Hold” and a consensus target price of €133.91 ($155.71).
Shares of DB1 traded up €1.65 ($1.92) during midday trading on Tuesday, reaching €145.50 ($169.19). 619,157 shares of the stock were exchanged, compared to its average volume of 642,992. Deutsche Boerse has a 52 week low of €102.40 ($119.07) and a 52 week high of €143.85 ($167.27). The company has a current ratio of 1.02, a quick ratio of 0.01 and a debt-to-equity ratio of 53.17. The company’s 50 day moving average is €137.60 and its two-hundred day moving average is €126.65. The company has a market capitalization of $27.65 billion and a P/E ratio of 29.48.
Deutsche Börse Aktiengesellschaft operates as an exchange organization in Europe, America, and the Asia-Pacific. The company operates through four segments: Eurex, Xetra, Clearstream, and Market Data + Services. The Eurex segment engages in the electronic trading of European derivatives, commodities, and foreign exchange.
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