FRANKFURT (dpa-AFX Broker) - A positive analyst comment gave the shares of internet service provider Ionos a boost on Thursday. On the Tradegate trading platform, the shares last changed hands for €39.95, which would have been another record in Xetra main trading.
Barclays analyst Sarah Roberts raised her price target for the shares of the United Internet subsidiary from €32 to €45 and maintained her "overweight" rating. In her opinion, the outlook for earnings and cash flow, as well as the defensive business model, speak in favor of the stock.
The Ionos shares, which were already performing well, gained momentum at the beginning of May. In the current year, their price gains on Xetra already total around 80 percent. /mis/zb
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