Deutsche Lufthansa (ETR:LHA) has been assigned a €16.50 ($19.19) price target by investment analysts at Berenberg Bank in a report released on Wednesday, June 26th, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 10.55% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada boosted their price objective on shares of from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an “outperform” rating in a research report on Monday, June 24th. Deutsche Bank cut their price objective on shares of from GBX 217 ($2.84) to GBX 175 ($2.29) and set a “sell” rating on the stock in a research report on Monday, June 24th. Barclays set a €18.70 ($21.74) price objective on shares of Deutsche Lufthansa and gave the company a “sell” rating in a research report on Monday, June 17th. Citigroup downgraded shares of Just Eat to a “hold” rating in a research report on Thursday, March 7th. Finally, Oddo Bhf set a €17.20 ($20.00) price objective on shares of Deutsche Lufthansa and gave the company a “neutral” rating in a research report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. Deutsche Lufthansa currently has an average rating of “Hold” and an average target price of €19.23 ($22.36).
LHA traded down €0.19 ($0.22) during trading on Wednesday, reaching €14.93 ($17.35). 4,207,756 shares of the company’s stock were exchanged, compared to its average volume of 3,430,000. Deutsche Lufthansa has a fifty-two week low of €14.34 ($16.67) and a fifty-two week high of €24.45 ($28.43). The firm has a market cap of $7.09 billion and a price-to-earnings ratio of 3.80. The company has a debt-to-equity ratio of 93.69, a current ratio of 0.64 and a quick ratio of 0.54. The firm has a fifty day moving average of €15.97.
Deutsche Lufthansa AG operates as an aviation company in Germany and internationally. The company operates through Network Airlines, Eurowings, and Aviation Services. The Network Airlines segment offers passenger services through a route network of 287 destinations in 86 countries. The Eurowings segment provides passenger services through a route network of 197 destinations in 62 countries.
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