Stock Rating: Is Baader Bank Very Positive For Sixt (ETR:SIX3) After Its Upgrade? The Target is EUR 52.00

November 23, 2016 - By Vivian Park

Stock Rating:  Is Baader Bank Very Positive For Sixt (ETR:SIX3) After Its Upgrade? The Target is EUR 52.00

Sixt (ETR:SIX3) Upgrade

Sixt (ETR:SIX3) was boosted by investment analysts at Baader Bank to “Buy” rating in a report sent to clients and investors on 23 November. The firm from today has a EUR 52.00 PT on the stock. Baader Bank’s PT would suggest a potential upside of 2.56%.

Sixt SE (ETR:SIX3) Ratings Coverage

Out of 8 analysts covering Sixt (ETR:SIX3), 8 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. €61 is the highest target while €35 is the lowest. The €56.67 average target is 57.42% above today’s (€36) stock price. Sixt has been the topic of 38 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock of Sixt SE (ETR:SIX3) earned “Hold” rating by Baader Wertpapierhandelsbank on Wednesday, March 16. Warburg Research upgraded it to “Buy” rating and €55 target price in Wednesday, October 28 report. The firm has “Buy” rating by Baader Bank given on Wednesday, November 23. The rating was upgraded by Hauck & Aufhäuser Privatbankiers KGaA to “Buy” on Friday, August 19. Oddo & Cie upgraded the shares of SIX3 in a report on Tuesday, March 15 to “Buy” rating. Warburg Research upgraded it to “Buy” rating and €51 target price in Thursday, August 20 report. Warburg Research upgraded the stock to “Buy” rating in Wednesday, July 6 report. Warburg Research upgraded Sixt SE (ETR:SIX3) rating on Wednesday, May 18. Warburg Research has “Buy” rating and €61 price target. The company was upgraded on Friday, November 18 by DZ BANK. The stock of Sixt SE (ETR:SIX3) earned “Buy” rating by DZ BANK on Tuesday, August 23.

About 16,401 shares traded hands. Sixt SE (ETR:SIX3) has risen 0.42% since April 15, 2016 and is uptrending. It has underperformed by 4.91% the S&P500.

Sixt SE is a Germany-based holding company engaged in the provision of mobility services for business and corporate customers, as well as private travelers. The company has a market cap of 2.09 billion EUR. The Firm divides its business activities into two units: Vehicle Rental and Leasing. It has a 13.35 P/E ratio. The Vehicle Rental Business Unit is operative through its own rental offices and in cooperation with franchisees and cooperation partners.

More news for Sixt SE (ETR:SIX3) were recently published by: Bloomberg.com, which released: “Sixt Says BMW Car-Sharing Profitable in Most Communities” on August 19, 2014. Fortune.com‘s article titled: “BMW Turns to Tech Veteran to Head US Car-Sharing Service ReachNow” and published on May 09, 2016 is yet another important article.

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