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Berenberg cuts Gea Group price target to €72

Created at 2 Jun · 5:06 AM1 source
IN SHORT

Berenberg has lowered its price target for Gea Group AG, reducing it from €78 to €72.

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Key Numbers

€78Previous price target for Gea Group AG
€72New price target for Gea Group AG

Who's Involved

Berenberg
Financial services firm that issued the price target change
Gea Group AG
Company whose price target was adjusted

↳ Why This Matters

Analyst price target changes can influence investor sentiment and stock prices. A reduction in price target suggests that the analyst has a less optimistic outlook on the stock's future performance.

Key facts

  • Berenberg reduced its price target for Gea Group AG.
  • The price target was lowered from €78 to €72.

Analyst price target changes can influence investor sentiment and stock prices. A reduction in price target suggests that the analyst has a less optimistic outlook on the stock's future performance.

Frequently asked questions

A price target is a projection of a stock's future price, typically set by financial analysts.

Berenberg is a German investment bank and financial services company.

Gea Group AG is a German company that provides equipment and services for the food and beverage industry and for a wide range of other process industries.

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How It Developed

2 Jun · 4:57 AM
Berenberg reduced its price target for Gea Group AG from €78 to €72.
@FirstSquawk via PiQSuite

Sources

T1
Berenberg reduces its price target for Gea Group AG from €78 to €72.@FirstSquawk via PiQSuite

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