Eurozone output continues to rise as manufacturing returns to growth in March
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Eurozone Manufacturing and Services PMI: The HCOB Flash Eurozone manufacturing PMI rose to a 26-month high of 48.70 in March, while the composite PMI reached a 7-month high of 50.40, indicating growth in both manufacturing and services despite a slight decrease in services activity.
Economic Outlook and Challenges: Business expectations remain low in the services sector due to ongoing challenges such as tariffs and geopolitical tensions, although there is potential for Europe to unify on reforms and defense spending amidst these uncertainties.
Analyst Views on GF
Wall Street analysts forecast GF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GF 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: 11.840
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Current: 11.840
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About GF
The New Germany Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund seeks long-term capital appreciation primarily through investment in middle-market German equities. The focus of the Fund's investments lies within Germany. Under normal market conditions at least 80% of the Fund’s net assets are invested in equity or equity-linked securities. The Fund invests in range of sectors, which include aerospace and defense; auto components; automobiles; banks; building products; chemicals; electrical equipment; independent power and renewable electricity producers; insurance; Internet and direct marketing retail; information technology (IT) services, life sciences tools and services; metals and mining; real estate management and development; software; textiles, apparel and luxury goods; trading companies and distributors; diversified financial services; commercial services and supplies, and others. The Fund's investment advisor is DWS International GmbH.
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.
