Deutsche Lufthansa (OTCMKTS:DLAKY) Price target cut to €7.50 by Deutsche Bank Aktiengesellschaft analysts
Deutsche Lufthansa (OTCMKTS:DLAKY – Get a rating) saw its target price lowered by stock analysts at Deutsche Bank Aktiengesellschaft from €8.00 ($8.42) to €7.50 ($7.89) in a report on Friday, reports The Fly.
Several other equity research analysts have also recently weighed in on DLAKY. Exane BNP Paribas downgraded Deutsche Lufthansa from a “neutral” rating to an “underperforming” rating and set a price target of €5.50 ($5.79) for the company. in a report on Friday, March 18. Barclays raised its price target on Deutsche Lufthansa from €5.20 ($5.47) to €5.70 ($6.00) and gave the stock an “underweight” rating in a report from the Thursday May 12. UBS Group raised its price target on Deutsche Lufthansa from €6.65 ($7.00) to €7.25 ($7.63) in a Sunday May 15 report. Finally, Morgan Stanley raised its price target on Deutsche Lufthansa from €6.00 ($6.32) to €7.00 ($7.37) in a Friday, May 6 report. Six equity research analysts gave the stock a sell rating, seven gave the company a hold rating and three gave the company a buy rating. According to data from MarketBeat.com, Deutsche Lufthansa currently has an average rating of “Hold” and a consensus price target of $6.88.
Shares of DLAKY traded down $0.26 during Friday trading hours, hitting $6.35. The stock recorded trading volume of 66,612 shares, compared to an average trading volume of 110,363 shares. The company has a market capitalization of $3.80 billion, a PE ratio of -2.30 and a beta of 1.12. Deutsche Lufthansa has a 12-month low of $5.93 and a 12-month high of $12.09. The stock’s 50-day moving average is $7.14 and its 200-day moving average is $7.49. The company has a debt ratio of 2.67, a current ratio of 0.90 and a quick ratio of 0.85.
About Deutsche Lufthansa (Get an assessment)
Deutsche Lufthansa AG operates as an airline in Germany and internationally. The Company’s Network Airlines segment provides passenger services. Its Eurowings segment provides passenger services via a route network of more than 100 destinations in more than 50 countries. The Company’s Logistics segment offers transportation services for various cargoes, including general cargo, dangerous goods, valuables, vulnerable commodities, perishables, live animals, courier services, emergency, airmail/e-commerce and temperature-sensitive goods services to approximately 300 destinations in 100 countries.
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