CTS Eventim AG & Co KGaA (EVD) Receives Consensus Rating of “Buy” from Brokerages

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Shares of CTS Eventim AG & Co KGaA (ETR:EVD) have earned a consensus recommendation of “Buy” from the nine research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is €44.56 ($51.82).

Several analysts have commented on EVD shares. Baader Bank set a €44.00 ($51.16) price objective on shares of CTS Eventim AG & Co KGaA and gave the company a “neutral” rating in a research note on Thursday, August 23rd. equinet set a €37.50 ($43.60) target price on shares of CTS Eventim AG & Co KGaA and gave the company a “sell” rating in a report on Wednesday, July 4th. Nord/LB set a €48.00 ($55.81) target price on shares of CTS Eventim AG & Co KGaA and gave the company a “buy” rating in a report on Tuesday, August 28th. Warburg Research set a €41.00 ($47.67) target price on shares of CTS Eventim AG & Co KGaA and gave the company a “neutral” rating in a report on Monday, August 27th. Finally, Hauck & Aufhaeuser set a €49.00 ($56.98) target price on shares of CTS Eventim AG & Co KGaA and gave the company a “buy” rating in a report on Friday, August 31st.

ETR EVD traded down €0.24 ($0.28) on Monday, hitting €36.88 ($42.88). 73,453 shares of the company’s stock traded hands, compared to its average volume of 148,299. CTS Eventim AG & Co KGaA has a 1-year low of €33.64 ($39.12) and a 1-year high of €43.26 ($50.30).

About CTS Eventim AG & Co KGaA

CTS Eventim AG & Co KGaA operates in the leisure events market worldwide. It operates through 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 eventim.farm; and self-service products for event organizers through EVENTIM.Light, as well as provides a solution for ticket sales and admission control through evetim.access.

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

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