European Defense Stocks Decline: European defense stocks fell further as discussions between Washington and Kyiv indicated progress towards a potential peace plan with Russia, leading to a significant drop in the regional aerospace and defense benchmark.
Market Performance: The EUAD index reached its lowest point since late August, experiencing a 3.4% decline on Friday, contrasting with a slight gain in the broader STOXX 600 index.
Individual Stock Movements: Notable declines were observed in individual defense companies, including Renk, Hensoldt, and Rheinmetall, with losses ranging from 2% to 6% following last week's downturn.
Peace Plan Developments: The U.S. and Ukraine announced an updated outline for a possible peace plan after constructive talks, while the EU expressed a desire to be included in future negotiations.
Wall Street analysts forecast EUAD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EUAD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast EUAD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EUAD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 46.130
Low
Averages
High
Current: 46.130
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
