1&1 Drillisch (DRI) Given a €61.00 Price Target by HSBC Analysts
1&1 Drillisch (ETR:DRI) has been assigned a €61.00 ($70.93) target price by HSBC in a research note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock. HSBC’s price objective would indicate a potential upside of 43.87% from the company’s current price.
Other analysts have also issued reports about the company. DZ Bank reaffirmed a “buy” rating on shares of 1&1 Drillisch in a research note on Friday, June 15th. Barclays set a €75.00 ($87.21) price target on 1&1 Drillisch and gave the stock a “buy” rating in a research note on Monday, June 25th. Warburg Research set a €70.00 ($81.40) price target on 1&1 Drillisch and gave the stock a “buy” rating in a research note on Tuesday, June 26th. Goldman Sachs Group set a €73.00 ($84.88) price target on 1&1 Drillisch and gave the stock a “buy” rating in a research note on Wednesday, June 27th. Finally, Commerzbank set a €60.00 ($69.77) price target on 1&1 Drillisch and gave the stock a “neutral” rating in a research note on Wednesday, June 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of €64.57 ($75.08).
DRI traded down €0.50 ($0.58) during trading on Wednesday, hitting €42.40 ($49.30). The company’s stock had a trading volume of 113,233 shares, compared to its average volume of 193,501. 1&1 Drillisch has a twelve month low of €5.25 ($6.10) and a twelve month high of €72.65 ($84.48).
1&1 Drillisch AG operates as a telecommunications provider in Germany. The company provides its customers with a portfolio of services and products from the fields of DSL, mobile voice, and data services. It markets postpaid and prepaid products in the networks of Telefónica and Vodafone, as well as landline and DSL products, including the related applications, such as home networking, online storage, telephony, and video on demand or IPTV.
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