Rating On Watch: Baader Bank Gives Wirecard (ETR:WDI) Higher Rating. What Is Next?

November 25, 2016 - By whatsonthorold

Rating On Watch:  Baader Bank Gives Wirecard (ETR:WDI) Higher Rating. What Is Next?

Wirecard (ETR:WDI) Upgrade

In a an analyst report published on Friday morning, Baader Bank stated it was upgrading Wirecard (ETR:WDI) stock to a “Buy”. The firm has EUR 62.00 target price per share on WDI’s stock.

Wirecard AG (ETR:WDI) Ratings Coverage

Out of 18 analysts covering Wirecard (ETR:WDI), 15 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 83% are positive. €64 is the highest target while €31 is the lowest. The €52.19 average target is 20.95% above today’s (€43.15) stock price. Wirecard has been the topic of 111 analyst reports since July 16, 2015 according to StockzIntelligence Inc. Oddo & Cie upgraded Wirecard AG (ETR:WDI) on Friday, November 18 to “Buy” rating. The firm has “Buy” rating by Hauck & Aufhäuser Privatbankiers KGaA given on Thursday, August 25. The company was upgraded on Thursday, March 10 by Baader Wertpapierhandelsbank. Bankhaus Lampe upgraded the shares of WDI in a report on Wednesday, February 24 to “Buy” rating. As per Thursday, July 16, the company rating was upgraded by Hauck & Aufhäuser Privatbankiers KGaA. Kepler Cheuvreux upgraded the shares of WDI in a report on Friday, November 20 to “Buy” rating. On Thursday, July 14 the stock rating was upgraded by Kepler Cheuvreux to “Buy”. The firm has “Buy” rating by Warburg Research given on Thursday, September 29. Baader Wertpapierhandelsbank upgraded the shares of WDI in a report on Wednesday, September 28 to “Buy” rating. The firm earned “Buy” rating on Thursday, August 18 by Berenberg.

About 69,561 shares traded hands. Wirecard AG (ETR:WDI) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

Wirecard AG is a Germany-based provider of electronic payment and risk management applications with focus on the development and provision of technologies and services for payment transactions. The company has a market cap of 5.33 billion EUR. It operates through three divisions:The Payment Processing and Risk Management segment accounts for all services and products for electronic payment processing and risk management; the Acquiring & Issuing (A&I) segment comprises the activities of Wirecard Bank AG, including credit card issuing and credit card sales revenues statements for online and terminal payments, as well as offers processing of clients’ payment transactions via accounts kept with Wirecard Bank AG, and the Call Center & Communication Services (CC&CS) segment offers all services and products related to call center-supported relationship management of corporate and private customers, including after-sales service and mailing activities, among others. It has a 20.45 P/E ratio.

More news for Wirecard AG (ETR:WDI) were recently published by: Seekingalpha.com, which released: “Wirecard AG: Poised To Gain As Mobile Payments Take-Off” on December 23, 2013. Seekingalpha.com‘s article titled: “Wirecard: Is It Too Good To Be True?” and published on June 06, 2016 is yet another important article.

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