FRANKFURT (dpa-AFX Broker) - Shares in Douglas could make another attempt to break back above the 9 euro mark on Wednesday. On the Tradegate trading platform, the stock climbed 3.6 percent to 9.16 euros compared to the Xetra closing price. This would still leave the year-to-date loss on Xetra at 27 percent.

According to Berenberg analyst Michael Heider, Douglas shares are currently out of favor with investors given the sluggish consumer environment and mixed results. However, he remains fundamentally optimistic and recommends a 'Buy' with a price target of 16 euros.

He credits Europe's leading premium beauty retailer with 'attractive cash flows'. As part of its omnichannel strategy, the company maintains a presence with nearly 2,000 stores across Europe while generating a third of its sales online. Heider finds the risk-reward profile of the stock compelling and the valuation attractive.

Douglas returned to the stock market in March 2024. After hitting a high of 25.60 euros in its first month, the shares slid to 8.23 euros by May of this year./ag/zb

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