ZEAL Network (ETR:TIM) received a €52.00 ($61.18) price target from investment analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. Berenberg Bank’s price target would suggest a potential upside of 160.00% from the company’s previous close.
TIM has been the topic of a number of other research reports. Warburg Research set a €56.00 ($65.88) target price on shares of ZEAL Network and gave the stock a “buy” rating in a report on Wednesday, June 16th. Hauck & Aufhaeuser set a €61.00 ($71.76) price target on ZEAL Network and gave the company a “buy” rating in a report on Tuesday, March 30th.
Shares of ETR TIM opened at €20.00 ($23.53) on Tuesday. The company has a quick ratio of 3.63, a current ratio of 3.63 and a debt-to-equity ratio of 2.58. The stock has a 50-day simple moving average of €20.00. ZEAL Network has a 52-week low of €16.00 ($18.82) and a 52-week high of €24.40 ($28.71). The company has a market capitalization of $166.82 million and a PE ratio of 6.75.
ZEAL Network SE engages in the online lottery business in Germany. It is also involved in the secondary lottery betting business, as well as sells instant win games. The company was formerly known as Tipp24 SE and changed its name to ZEAL Network SE in November 2014. ZEAL Network SE was founded in 1999 and is headquartered in London, the United Kingdom.
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