CTS Eventim AG & Co KGaA (ETR:EVD) received a €42.00 ($48.84) price target from equities researchers at Baader Bank in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Baader Bank’s price objective points to a potential downside of 7.81% from the stock’s current price.
EVD has been the topic of several other research reports. Kepler Capital Markets set a €43.50 ($50.58) target price on CTS Eventim AG & Co KGaA and gave the stock a “buy” rating in a research report on Thursday, March 21st. Berenberg Bank set a €46.00 ($53.49) target price on CTS Eventim AG & Co KGaA and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Finally, DZ Bank reiterated a “buy” rating on shares of CTS Eventim AG & Co KGaA in a research report on Tuesday, February 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of €43.50 ($50.58).
ETR EVD traded up €0.56 ($0.65) on Thursday, hitting €45.56 ($52.98). 256,574 shares of the company’s stock were exchanged, compared to its average volume of 148,299. The company has a current ratio of 1.03, a quick ratio of 0.95 and a debt-to-equity ratio of 17.72. CTS Eventim AG & Co KGaA has a fifty-two week low of €30.64 ($35.63) and a fifty-two week high of €46.46 ($54.02). The stock has a market capitalization of $4.37 billion and a price-to-earnings ratio of 36.89.
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.
Featured Article: What is the NASDAQ Stock Market?
Receive News & Ratings for CTS Eventim AG & Co KGaA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CTS Eventim AG & Co KGaA and related companies with MarketBeat.com's FREE daily email newsletter.