Redcare Pharmacy NV shares on the rise: financial experts recommend buying with a price target of 160 euros

Redcare Pharmacy NV shares on the rise: financial experts recommend buying with a price target of 160 euros

According to a report by m.ariva.de, the shares of Redcare Pharmacy NV are trading higher today at 128.85 euros. The security rose by 95 cents and is therefore in the black. Despite the price gain, the share is still far from its all-time high, which was 249.00 euros in February 2021.

Redcare Pharmacy N.V. operates online pharmacies that focus on over-the-counter medicines as well as beauty and care products. The company is represented in Germany, Austria and France with the brands shop-apotheke.com, shop-apotheke.at and shop-pharmacie.fr.

According to an analysis by the analysis firm Jefferies, the rating for Redcare Pharmacy was left at “Buy” with a price target of 160 euros. This results from the company's starting position with regard to the e-prescription launched in Germany, which is better than expected.

The positive development of Redcare Pharmacy NV shares could be due to investors' confidence in the company's growth potential and market position in the online pharmacy sector. Despite the gain, the stock is still outperforming the overall market and may reflect confidence in the company's future development.

It remains to be seen whether this positive trend will continue and what impact this will have on the financial industry and the market as a whole. Since the company operates in several European countries, changes in the regulation of the online pharmacy market as well as the introduction of new products or services could affect the further development of the share price.