Commerzbank Reiterates “€8.00” Price Target for Deutz (DEZ)

Deutz (ETR:DEZ) received a €8.00 ($9.30) price target from investment analysts at Commerzbank in a report released on Friday. The brokerage currently has a “neutral” rating on the stock. Commerzbank’s price target would indicate a potential upside of 16.45% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Baader Bank set a €8.50 ($9.88) price objective on shares of Deutz and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Warburg Research set a €9.30 ($10.81) price objective on shares of Deutz and gave the stock a “buy” rating in a research note on Monday, October 29th. Kepler Capital Markets set a €10.00 ($11.63) price objective on shares of Deutz and gave the stock a “buy” rating in a research note on Thursday, October 18th. HSBC set a €9.20 ($10.70) price objective on shares of Deutz and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Finally, Berenberg Bank set a €8.90 ($10.35) price objective on shares of Deutz and gave the stock a “buy” rating in a research note on Monday, August 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of €8.80 ($10.23).

Shares of Deutz stock opened at €6.87 ($7.99) on Friday. Deutz has a twelve month low of €5.80 ($6.74) and a twelve month high of €8.25 ($9.59).

About Deutz

DEUTZ Aktiengesellschaft engages in the design, development, production, and sale of compact diesel engines in Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company's DEUTZ Compact Engines segment provides liquid-cooled engines with capacities of approximately 8 liters.

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