FRANKFURT (dpa-AFX Broker) – The shares of the engine manufacturer DEUTZ continued their high price gains from Friday at the beginning of the week. With a recent price increase of 9.2 percent to 5.26 euros, they were in first place in the SDAX small cap index and closed the price gap that had opened up in July 2023.
On Friday they had already increased by almost six percent. The sale of the boat engine subsidiary to Yamaha Motor was well received. Investors have currently made a fifth profit in just three trading days.
The sale of the boat engine business should have a positive impact on margins, wrote analyst Jorge Gonzalez Sadornil from Hauck Aufhäuser Investment Banking on Friday. On Monday, the expert increased his price target for Deutz from 8 to 10 euros./ajx/mis
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