Jefferies analyst Hannes Leitner has maintained their neutral stance on PLX stock, giving a Hold rating on March 13.
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Hannes Leitner has given his Hold rating due to a combination of factors influencing PLUXEE N.V.’s current market position. The company has been experiencing macroeconomic challenges in key markets such as France and Germany, which are expected to persist. Additionally, base effects in Belgium and Austria are anticipated to result in lower performance in the second quarter compared to the first quarter.
Despite these challenges, PLUXEE N.V. has managed to maintain operational efficiency, which helps balance the risks and rewards associated with its shares. The market sentiment has shifted towards macroeconomic and political factors, reducing interest in smaller companies. However, recent investor activity suggests a preference for acquiring undervalued stocks like PLUXEE, which have not performed as well recently, rather than selling off well-performing stocks.
In another report released on March 13, Barclays also maintained a Hold rating on the stock with a €26.00 price target.