Ströer (ETR:SAX) received a €64.00 ($76.19) price objective from investment analysts at Morgan Stanley in a report released on Wednesday. The brokerage currently has a “neutral” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 5.79% from the company’s previous close.
Other research analysts have also recently issued reports about the company. Deutsche Bank set a €72.00 ($85.71) price target on Ströer and gave the stock a “buy” rating in a report on Tuesday, January 30th. Barclays set a €72.00 ($85.71) price target on Ströer and gave the stock a “buy” rating in a report on Monday, January 29th. Commerzbank set a €64.00 ($76.19) price target on Ströer and gave the stock a “buy” rating in a report on Thursday, February 22nd. JPMorgan Chase reissued a “buy” rating on shares of Ströer in a report on Thursday, February 22nd. Finally, Hauck & Aufhaeuser set a €76.00 ($90.48) price target on Ströer and gave the stock a “buy” rating in a report on Monday, February 19th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Ströer presently has an average rating of “Buy” and an average price target of €66.82 ($79.55).
ETR SAX opened at €60.50 ($72.02) on Wednesday. Ströer has a 12 month low of €45.41 ($54.06) and a 12 month high of €66.40 ($79.05).
Ströer SE & Co KGaA provides out-of-home and online advertising services to private and corporate customers in Germany, Turkey, and internationally. The company operates through three segments: Ströer Digital, Out-of-Home Germany, and Out-of-Home International. Its out-of-home advertising solutions covers various forms of outdoor advertising media, such as traditional posters; advertisements at bus and tram stop shelters, and on public transport; and digital and interactive solutions.
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