Fraport (ETR:FRA) Rating Downgrade
In an analyst report issued to clients on Thursday morning, professional analysts at Commerzbank AG’s equity research division cut Fraport (ETR:FRA)’s stock to “Reduce”. They have a target price per share of EUR 43.00 on FRA or -15.64 % more downside.
The rating downgrade was noticed by stock traders, as ETR:FRA is currently trading -0.43% lower at EUR 50.99 as of 20:01 Frankfurt time. Fraport’s stock is down -12.09% over the last 200 days. It has underperformed the S&P 500 Index, which has increased 2.61% over the same time.
ETR:FRA Price Chart & Trend
The stock price of Fraport has decreased 12.09% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Fraport is up 5.56% and up 0.95%, respectively. Our stocks momentum model is shown on the price chart below.
Fraport (ETR:FRA) Profile
Fraport Frankfurt Airport Services Worldwide AG is a Germany-based company engaged in the airport services sector. The Company owns and operates airport hubs. Its activities are carried out in four segments.
Fraport (ETR:FRA) traded down -0.43% on 13 October, hitting EUR 50.99. A total of 225,149 shares of the company’s stock traded hands. This is up from average of 151,010 shares. Fraport has a 52 week low of EUR 44.96 and a 52 week high of EUR 61.5. The company has a market cap of 4.71B EUR and a P/E ratio of 17.29.
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