European shares open flat, set for worst week in one month By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 04 2024
0mins
Source: Investing.com
Market Performance: European shares remained stable amid concerns over potential conflict in the Middle East, with the STOXX 600 index holding at 516.40 points, but on track for its worst week since early September. Energy stocks saw a notable increase, gaining 0.7% and marking their best week in nearly six months.
Key Developments: Discussions in the U.S. regarding support for Israeli strikes on Iran's oil facilities raised worries about oil supply disruptions, while rate-sensitive real estate stocks contributed to the index's stability with a 0.6% rise; DSV's stock surged 6.6% following a significant share issue for an acquisition.
Analyst Views on LCO
Wall Street analysts forecast LCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LCO 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
0 Buy
0 Hold
0 Sell
Current: 27.375
Low
Averages
High
Current: 27.375
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.
