Wirecard (ETR:WDI) Stock Upgrade
In analysts report published on 3 December, Hauck & Aufhäuser Privatbankiers KGaA decided to upgrade shares of Wirecard (ETR:WDI) to a Buy rating. The firm currently has a respectable EUR 62.50 TP on WDI shares.
From a total of 13 analysts covering Wirecard (ETR:WDI) stock, 9 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 69% of the ratings are positive. The highest target price is €62.50 while the lowest target price is €31. The mean of all analyst targets is €47.58 with a 0.89% above today’s (€47.16) stock price. Wirecard was the topic of 32 analyst reports since July 16, 2015 according to the firm StockzIntelligence Inc. Warburg Research upgraded shares on December 1 to “Buy” rating. Hauck & Aufhäuser Privatbankiers KGaA upgraded shares to “Buy” rating and €62.50 target share price in a report from a November 18. HSBC upgraded WDI stock in a recent report from November 25 to “Buy” rating. Credit Suisse downgraded the rating on November 12. Credit Suisse has a “Underperform” rating and a €31 price target on shares. Finally, Independent Research maintained the stock with “Hold” rating in a report issued on a November 19.
The stock increased 3.85% or EUR 1.75 on December 2, striking EUR 47.16. Approximately 876,210 shares of stock traded hands or 51.34% up from the average. Wirecard AG (ETR:WDI) has risen 6.00% since November 3, 2015 and is uptrending. It has outperformed by 6.20% the S&P500.
Wirecard AG is a Germany-based provider of electronic payment and risk management applications. The company has a market cap of 5.82 billion EUR. The Company’s core competence is the development and provision of technologies and services for payment transactions. It has 44.14 P/E ratio. It operates through the main business divisions Payment Processing and Risk Management , Acquiring & Issuing (A&I) and Call Center & Communication Services (CC&CS).