European shares dip as lower commodity prices weigh By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 19 2024
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Source: Investing.com
Market Overview: European shares declined on Friday, with the pan-European STOXX 600 index dropping 0.6% due to falling commodity prices and a continued downturn in global technology stocks, leading to sector-wide losses.
Company Performance: While travel and leisure stocks suffered significant losses, Danske Bank and Electrolux saw gains of 6.2% and 6.9% respectively, driven by strong earnings reports and positive financial outlooks.
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.
