European shares close higher after ECB lowers interest rates By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 17 2024
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Source: Investing.com
European Stock Market Reaction: European stocks rose after the ECB's 25-basis-point rate cut, with the STOXX 600 index up 0.8% and Germany's DAX reaching an all-time high, despite no clear guidance on future rate cuts.
Sector Performance and Company Updates: Defence stocks led gains, while companies like Nordea and Sartorius saw significant stock increases due to positive earnings reports; however, Nokia faced declines after missing sales estimates and announcing job cuts.
Analyst Views on SATG
Wall Street analysts forecast SATG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SATG 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.
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Current: 21.855
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Current: 21.855
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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.
