Stroeer SE & Co KGaA (SAX) PT Set at €71.50 by HSBC

Stroeer SE & Co KGaA (ETR:SAX) has been given a €71.50 ($83.14) price objective by investment analysts at HSBC in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. HSBC’s price target indicates a potential upside of 51.16% from the company’s previous close.

A number of other research firms have also recently commented on SAX. Warburg Research set a €68.00 ($79.07) target price on Stroeer SE & Co KGaA and gave the stock a “buy” rating in a research note on Friday, September 14th. Hauck & Aufhaeuser set a €76.00 ($88.37) target price on Stroeer SE & Co KGaA and gave the stock a “buy” rating in a research note on Friday, August 3rd. Morgan Stanley set a €64.00 ($74.42) target price on Stroeer SE & Co KGaA and gave the stock a “neutral” rating in a research note on Monday, August 13th. Kepler Capital Markets set a €57.00 ($66.28) target price on Stroeer SE & Co KGaA and gave the stock a “neutral” rating in a research note on Wednesday, October 10th. Finally, Barclays set a €69.00 ($80.23) target price on Stroeer SE & Co KGaA and gave the stock a “buy” rating in a research note on Friday, August 10th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of €66.41 ($77.22).

Shares of ETR:SAX opened at €47.30 ($55.00) on Monday. Stroeer SE & Co KGaA has a 1-year low of €45.41 ($52.80) and a 1-year high of €66.40 ($77.21).

About Stroeer SE & Co KGaA

Ströer SE & Co KGaA provides out-of-home and online advertising services to private and corporate customers in Germany, Turkey, and internationally. The company operates through three segments: Ströer Digital, Out-of-Home Germany, and Out-of-Home International. Its out-of-home advertising solutions covers various forms of outdoor advertising media, such as traditional posters; advertisements at bus and tram stop shelters, and on public transport; and digital and interactive solutions.

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