Deutsche EuroShop (ETR:DEQ) has been assigned a €34.50 ($40.12) target price by analysts at Berenberg Bank in a research report issued on Friday. The firm presently has a “neutral” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 24.19% from the company’s previous close.
Several other analysts have also weighed in on DEQ. Deutsche Bank set a €30.00 ($34.88) target price on Deutsche EuroShop and gave the company a “neutral” rating in a report on Tuesday, July 24th. JPMorgan Chase & Co. set a €35.00 ($40.70) target price on Deutsche EuroShop and gave the company a “neutral” rating in a report on Wednesday, August 15th. DZ Bank reissued a “buy” rating on shares of Deutsche EuroShop in a report on Wednesday, August 15th. Baader Bank set a €39.50 ($45.93) target price on Deutsche EuroShop and gave the company a “buy” rating in a report on Wednesday, August 15th. Finally, equinet set a €30.00 ($34.88) price objective on Deutsche EuroShop and gave the company a “neutral” rating in a research note on Wednesday, August 15th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of €35.28 ($41.02).
Deutsche EuroShop stock opened at €27.78 ($32.30) on Friday. Deutsche EuroShop has a fifty-two week low of €28.96 ($33.67) and a fifty-two week high of €39.41 ($45.83).
Deutsche EuroShop is the only public company in Germany to invest solely in shopping centers in prime locations. The MDAX-listed company currently has investments in 21 shopping centers in Germany, Austria, Poland, the Czech Republic and Hungary. The portfolio includes the Main-Taunus-Zentrum near Frankfurt, the Altmarkt-Galerie in Dresden and the Galeria Baltycka in Gdansk, among many others.
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