Berenberg Bank Reiterates “€63.00” Price Target for CTS Eventim AG & Co KGaA (ETR:EVD)
Berenberg Bank set a €63.00 ($73.26) target price on CTS Eventim AG & Co KGaA (ETR:EVD) in a research note issued to investors on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Other analysts have also recently issued research reports about the stock. Baader Bank set a €42.00 ($48.84) target price on shares of CTS Eventim AG & Co KGaA and gave the company a sell rating in a report on Tuesday. DZ Bank restated a neutral rating on shares of CTS Eventim AG & Co KGaA in a report on Friday, August 23rd. Nord/LB set a €49.00 ($56.98) target price on shares of CTS Eventim AG & Co KGaA and gave the company a neutral rating in a report on Thursday, September 19th. Finally, Kepler Capital Markets set a €43.50 ($50.58) target price on shares of CTS Eventim AG & Co KGaA and gave the company a buy rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of €49.40 ($57.44).
Shares of EVD stock opened at €55.00 ($63.95) on Wednesday. CTS Eventim AG & Co KGaA has a 12 month low of €30.64 ($35.63) and a 12 month high of €54.70 ($63.60). The stock has a market cap of $5.28 billion and a PE ratio of 42.97. The company has a current ratio of 0.98, a quick ratio of 0.84 and a debt-to-equity ratio of 44.05. The company’s fifty day moving average price is €52.24 and its 200-day moving average price is €46.33.
CTS Eventim AG & Co KGaA operates in the leisure events market worldwide. It operates in two segments, Ticketing and Live Entertainment. The Ticketing segment produces, sells, brokers, distributes, and markets tickets for concerts, theatre, art, sports, and other events. It markets events (tickets) through eventim.de and using its network platform, EVENTIM.Net; in-house ticketing products through EVENTIM.Inhouse; sport ticketing products through EVENTIM.Tixx; and self-service products for event organizers through EVENTIM.Light, as well as provides a solution for ticket sales and admission control through EVENTIM.Access.
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