HCOB Germany Services PMI: The HCOB Germany Services PMI fell to 53.1 in November from a 29-month high of 54.6 in October, indicating a slowdown in service sector growth.
Composite PMI Output Index: The HCOB Germany Composite PMI Output Index decreased from 53.9 in October to 52.4 in November, reflecting a slower rise in combined manufacturing and services output.
Impact of Household Spending: The service sector's growth is being hindered by cautious household spending, while the deepening recession in manufacturing is negatively affecting industry-related service companies.
Resilience of Service Providers: Despite the challenging environment, service providers are showing relative resilience, which may help keep Germany's growth just above zero in the fourth quarter.
Wall Street analysts forecast EWG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWG 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 EWG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWG 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
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0 Sell
Current: 42.820
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Current: 42.820
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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.
