Reaffirmed: CTS EVENTIM (ETR:EVD) “Neutral” Rating Has Been Maintained by research analysts equinet AG; EUR 33.00 Target in Place

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CTS EVENTIM (ETR:EVD) Rating Reaffirmed

They currently have a EUR 33.00 price target on CTS EVENTIM (ETR:EVD). The target price by equinet AG would suggest a potential downside of -2.37% from the company’s price per share. This has been announced in an interesting research report on Friday, 27 November.

From a total of 7 analysts covering CTS EVENTIM (ETR:EVD) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 43% of the ratings are positive. The highest target price is €46 while the lowest target price is €31. The mean of all analyst targets is €36.50 with a 8.47% above today’s (€33.65) stock price. CTS EVENTIM was the topic of 12 analyst reports since August 19, 2015 according to the firm StockzIntelligence Inc. Equinet maintained shares on November 27 with “Neutral” rating. Bankhaus Lampe maintained shares with “Hold” rating and €31 target share price in a report from an August 28. Commerzbank upgraded EVD stock in a recent report from November 27 to “Buy” rating. Finally, Warburg Research maintained the stock with “Hold” rating in a report issued on a September 25.

Approximately 2,185 shares of stock traded hands. CTS Eventim AG & Co KGaA (ETR:EVD) has risen 6.00% since October 28, 2015 and is uptrending. It has outperformed by 7.36% the S&P500.

Reaffirmed: CTS EVENTIM (ETR:EVD)

CTS Eventim AG & Co KGaA is a Germany firm that operates in the leisure events and cinema ticketing markets. The company has a market cap of 3.23 billion EUR. The Firm operates in two divisions namely Ticketing and Live Entertainment. It has 38.97 P/E ratio. The objects of the Ticketing segment are to promote, sell, broker, distribute, and market tickets for cinema, concert, theater, art, sports and other events in Germany and abroad, using data processing and data transmission technologies.

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