Morgan Stanley Raises Deutsche Börse (OTCMKTS:DBOEY) Price Target to €196.10

Deutsche Börse (OTCMKTS:DBOEYGet Rating) had its price objective hoisted by Morgan Stanley to €196.10 ($208.62) in a report released on Monday morning, The Fly reports.

Several other brokerages have also issued reports on DBOEY. Exane BNP Paribas raised Deutsche Börse from a neutral rating to an outperform rating and set a €180.00 ($191.49) target price for the company in a research note on Tuesday, March 15th. Credit Suisse Group upped their target price on Deutsche Börse from €164.00 ($174.47) to €172.00 ($182.98) and gave the stock a neutral rating in a research note on Thursday, May 5th. Royal Bank of Canada upped their target price on Deutsche Börse from €150.00 ($159.57) to €156.00 ($165.96) and gave the stock a sector perform rating in a research note on Monday, February 28th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Deutsche Börse from €185.00 ($196.81) to €193.00 ($205.32) and gave the company a buy rating in a research note on Friday, April 29th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Deutsche Börse has a consensus rating of Moderate Buy and an average price target of $177.30.

Shares of DBOEY opened at $16.60 on Monday. The business’s 50-day moving average price is $16.84 and its 200-day moving average price is $17.08. Deutsche Börse has a twelve month low of $14.77 and a twelve month high of $18.44. The stock has a market cap of $31.53 billion, a PE ratio of 20.24, a P/E/G ratio of 1.74 and a beta of 0.77.

Deutsche Börse (OTCMKTS:DBOEYGet Rating) last announced its quarterly earnings results on Monday, April 25th. The financial services provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Deutsche Börse had a return on equity of 18.47% and a net margin of 28.08%. Equities analysts expect that Deutsche Börse will post 0.83 earnings per share for the current year.

The business also recently declared a dividend, which was paid on Tuesday, June 7th. Stockholders of record on Friday, May 20th were given a $0.2282 dividend. The ex-dividend date was Thursday, May 19th. This represents a dividend yield of 1.35%. Deutsche Börse’s dividend payout ratio is currently 26.83%.

About Deutsche Börse (Get Rating)

Deutsche Börse AG operates as an exchange organization in Europe, the United States, and the Asia-Pacific. The company operates through seven segments: Eurex (Financial Derivatives), EEX (Commodities), 360T (Foreign Exchange), Xetra (Cash Equities), Clearstream (Post-Trading), IFS (Investment Fund Services), and Qontigo (index and analytics business).

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