Hannes Leitner, an analyst from Jefferies, maintained the Hold rating on PLUXEE N.V. (PLX – Research Report). The associated price target remains the same with €20.40.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Hannes Leitner has given his Hold rating due to a combination of factors impacting PLUXEE N.V.’s stock. One of the primary considerations is the persistence of existing trends into the third fiscal quarter, albeit with an increase in foreign exchange headwinds. These currency fluctuations are expected to slightly affect the company’s performance.
Additionally, regulatory changes are a significant concern, particularly with the upcoming enforcement of the Italian commission cap, which, although only affecting a small portion of PLUXEE’s business, could still have implications. Furthermore, anticipated regulatory updates in key markets such as France and Brazil may introduce additional challenges. These elements collectively contribute to the decision to maintain a Hold rating.
In another report released on June 9, Barclays also maintained a Hold rating on the stock with a €26.00 price target.