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ubs maintains sell rating for redcare pharmacy with target at 85 euros

UBS has maintained a 'Sell' rating for Redcare Pharmacy, setting a price target of 85 euros. Analyst Olivier Calvet noted ongoing price investments by Redcare and a decline in app activity among Swiss users, indicating that Redcare continues to lag behind competitors like DocMorris. As of November 12, 2024, Redcare's stock price was 162.70 euros, reflecting a 4.57% decrease.
13:43 12.11.2024

Redcare Pharmacy faces negative outlook from UBS amid online retail expansion

Redcare Pharmacy NV, based in the Netherlands, specializes in the online retail of pharmaceutical products, focusing on over-the-counter medicines and pharmacy-related beauty and personal care items. The company operates across several European countries, including Belgium, Spain, Italy, France, Austria, the Netherlands, and Germany. Despite its broad market presence, UBS maintains a negative outlook on the company.
07:30 06.11.2024
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