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May 4, 2020 3:44 pm – Author: Johannes Stoffels The | 4investors in: Twitter The | Google News | Facebook
Wirecard analysts are getting very cautious these days. In the morning, we report that DZ Bank analysts are temporarily suspending their surveillance on the shares. From HSBC there is a violent gradation from “buy” to “hold”. The target price is halved from EUR 210.00 to EUR 105.00.
Morgan Stanley is also speaking now. And the Wirecard situation doesn’t really improve. So far, Americans have rated “overweight” for Wirecard papers. The target price was 205.00 euros.
In the new analyst study, the target price is removed and no new target price is issued. This is a very unusual step. The rating low. The new vote is “equal weight”.
American experts looked at the KPMG report. It has not brought clear results. This is exactly what many market participants have been waiting for. One wanted to overcome uncertainty. This has not been successful.
The uncertainty is exacerbated by the fact that Wirecard has postponed the balance sheet template. Instead of April 30, the post should appear on June 4.
Analysts currently see no basis for a realistic forecast in their model.
Wirecard shares today lost 3.8 percent to 86.93 euros.
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Wirecard: double gradation of the action
KPMG’s special report on Wirecard was finally released last week. But it did not bring any real clarification. Many uncertainties remain, many questions have not been answered. However, the allegations were also unproven. However, Wirecard has lost more confidence among investors, as recent price developments show.
Wirecard analysts at HSBC are also becoming more cautious. They add a 50 percent risk discount to their model. This lowers the price target for Wirecard shares from EUR 210.00 to EUR 105.00. So far, British experts have issued a buy recommendation for the DAX Group shares. The new rating for the role is “hold”.
From the analysts’ perspective, the auditor’s report even raised new questions that should be clarified.
Wirecard shares today lost 4.5 percent to 86.36 euros. Yesterday of … read this news from 04.05.2020!
At a glance: chart and news: Wirecard