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Berenberg Bank Thinks Criteo SA’s Stock is Going to Recover

Berenberg Bank analyst Sarah Simon maintained a Buy rating on Criteo SA (CRTOResearch Report) on May 5 and set a price target of $58.50. The company’s shares closed last Friday at $25.93, close to its 52-week low of $23.72.

According to TipRanks.com, Simon ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -5.8% and a 36.8% success rate. Simon covers the Services sector, focusing on stocks such as Mediaset España, Adevinta ASA, and RELX plc.

Criteo SA has an analyst consensus of Moderate Buy, with a price target consensus of $44.19, which is a 66.9% upside from current levels. In a report issued on May 2, Truist Financial also maintained a Buy rating on the stock with a $40.00 price target.

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The company has a one-year high of $46.65 and a one-year low of $23.72. Currently, Criteo SA has an average volume of 407.6K.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRTO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Criteo SA is a global technology company, which specializes in digital performance marketing. The firm enables e-commerce companies to leverage large volumes of granular data to engage and convert their customers. Its solutions include criteo shopper graph; criteo engine; publisher network; client platform; and product portfolio. The company was founded by Jean-Baptiste Rudelle, Franck Le Ouay, Pascal Gauthier, Laurent Quatrefages and Romain Niccoli on November 3, 2005 and is headquartered in Paris, France.

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