For investors exploring the German market for investment, trusting the analysts’ recommendations is one of the best ways to go.
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Using the TipRanks Daily Analyst Rating tool, we have shortlisted three German stocks that were re-rated as Buy by analysts yesterday. All three stocks have Moderate Buy ratings on TipRanks and have good upside potential in their share prices.
Let’s have a look at these companies.
SAP SE (DE:SAP)
SAP is a German software company that develops market-leading tools and solutions for enterprises.
SAP stock has a wide coverage from analysts on TipRanks with a total of 17 recommendations. This includes 12 Buy, four Hold, and one Sell ratings.
Today, analyst Mohammed Moawalla from Goldman Sachs reiterated his Buy rating and also increased the price target from €135 to €145.0. It implies an upside of 24% on the current trading price. Overall, the next 12-month forecast for the stock is €123.62 with a Moderate Buy rating. The average forecast is 5.8% higher than the current price.
Deutsche Bank AG (DE:DBK)
Deutsche Bank is one of the world’s leading financial institutions and the biggest lender in Germany.
Recently, DBK stock has been in the news and has lost more than 20% in the last month. However, analysts remain bullish and have maintained their Buy ratings on the stock. Analysts feel the recent blow to share prices makes for a tempting entry point for investors.
Today, Goldman Sachs’ analyst Chris Hallam reiterated his Buy rating at a price target of €19.5. This price suggests a huge upside of more than 100% from the current level.
In total, DBK stock has a Moderate Buy rating at an average price target of €14.3.
Allianz SE (DE:ALV)
The financial services company Allianz’s shares have rallied in the last six months with a gain of 28.2%.
On TipRanks, ALV stock has a Moderate Buy rating with an average price forecast of €251.6 for the next year. The stock has ratings from 10 analysts on TipRanks, of which seven are Buy and three are Hold.
Analyst Alan Devlin from Goldman Sachs has reconfirmed his Buy rating on the stock today. His price target of €260.0 is 22% higher as compared to the current price.
