ubs raises gea group price target to 52 euros maintaining buy rating

UBS has raised its price target for Gea Group to 52 euros, up from 51 euros, while maintaining a "Buy" rating. This adjustment comes after a conference call discussing Gea's quarterly figures.

Analyst Sven Weier highlighted positive developments in Gea's individual divisions and management's optimistic outlook for a recovery in order intake. As a result, earnings estimates (EBIT) have been revised upwards.

Gea's stock experienced a decline, closing at 44.78 euros on November 6, down 2.23%. The stock's performance varied across different trading venues, with prices ranging from 44.38 euros in Hamburg to 45.94 euros in Hanover. Gea's shares reached an annual high of 47.90 euros and a low of 32.18 euros.

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