flatexDEGIRO AG (OTCMKTS:FNNTF) Receives $12.17 Consensus Target Price from Analysts

flatexDEGIRO AG (OTCMKTS:FNNTF – Get Rating) has earned an average recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $12.17.

FNNTF has been the subject of a number of research analyst reports. Morgan Stanley raised shares of flatexDEGIRO from an “underweight” rating to an “equal weight” rating in a research report on Thursday, December 15th. Citigroup initiated coverage on shares of flatexDEGIRO in a research report on Monday, February 27th. They set a “neutral” rating for the company. Exane BNP Paribas cut shares of flatexDEGIRO from an “outperform” rating to a “neutral” rating in a research report on Monday, December 5th. Keefe, Bruyette & Woods cut shares of flatexDEGIRO from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 6th. Finally, The Goldman Sachs Group cut shares of flatexDEGIRO from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 7th.

flatexDEGIRO Price Performance

Shares of FNNTF stock opened at $8.35 on Thursday. flatexDEGIRO has a twelve month low of $6.10 and a twelve month high of $18.85. The company’s 50-day moving average price is $6.78 and its 200-day moving average price is $7.84.

About flatexDEGIRO

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flatexDEGIRO AG operates as a brokerage platform in Europe. It offers a wide range of independent products with execution on top of Tier 1 exchanges. The firm provides a full-service and full-product approach to allow clients to take ownership of their financial wealth in a self-directed manner. Its technological edge as well as its high efficiency and strong economies of scale enable flatexDEGIRO to continuously improve its service offerings to customers.