CTS Eventim AG & Co KGaA (ETR:EVD) has received an average rating of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is €43.06 ($50.07).
EVD has been the subject of several analyst reports. Baader Bank set a €40.00 ($46.51) target price on CTS Eventim AG & Co KGaA and gave the stock a “buy” rating in a research report on Monday, November 12th. Kepler Capital Markets set a €43.50 ($50.58) target price on CTS Eventim AG & Co KGaA and gave the stock a “buy” rating in a research report on Tuesday, November 13th. equinet set a €40.00 ($46.51) price target on CTS Eventim AG & Co KGaA and gave the company a “buy” rating in a report on Tuesday, November 13th. DZ Bank reissued a “buy” rating on shares of CTS Eventim AG & Co KGaA in a report on Tuesday, November 13th. Finally, Berenberg Bank set a €50.00 ($58.14) price target on CTS Eventim AG & Co KGaA and gave the company a “buy” rating in a report on Friday, November 30th.
Shares of ETR EVD traded down €0.30 ($0.35) on Thursday, hitting €37.40 ($43.49). The company had a trading volume of 97,464 shares, compared to its average volume of 148,299. CTS Eventim AG & Co KGaA has a 12-month low of €33.64 ($39.12) and a 12-month high of €43.26 ($50.30).
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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