CTS Eventim AG & Co KGaA (ETR:EVD) PT Set at €53.00 by Berenberg Bank

CTS Eventim AG & Co KGaA (ETR:EVD) has been given a €53.00 ($61.63) price objective by equities research analysts at Berenberg Bank in a note issued to investors on Wednesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 4.43% from the stock’s previous close.

EVD has been the subject of several other research reports. Kepler Capital Markets set a €43.50 ($50.58) price objective on shares of CTS Eventim AG & Co KGaA and gave the stock a “buy” rating in a research report on Wednesday, June 19th. DZ Bank reissued a “neutral” rating on shares of CTS Eventim AG & Co KGaA in a research report on Friday, August 23rd. Baader Bank set a €42.00 ($48.84) price objective on shares of CTS Eventim AG & Co KGaA and gave the stock a “sell” rating in a research report on Wednesday. Finally, Nord/LB set a €49.00 ($56.98) price objective on shares of CTS Eventim AG & Co KGaA and gave the stock a “neutral” rating in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of €45.50 ($52.91).

CTS Eventim AG & Co KGaA stock opened at €50.75 ($59.01) on Wednesday. CTS Eventim AG & Co KGaA has a 52-week low of €30.64 ($35.63) and a 52-week high of €53.05 ($61.69). The firm has a fifty day moving average of €49.05 and a 200-day moving average of €44.19. The firm has a market capitalization of $4.90 billion and a P/E ratio of 39.65. The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 44.05.

About CTS Eventim AG & Co KGaA

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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Analyst Recommendations for CTS Eventim AG & Co KGaA (ETR:EVD)

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