DGAP-News
FinTech Group AG: Hauck & Aufhäuser Starts Coverage of FinTech Group Stock Expressing a BUY Recommendation with a Target Price of EUR 17.00
FinTech Group AG / Key word(s): Research Update
08.12.2014 13:15
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Frankfurt - The analysts at Hauck & Aufhäuser Research have started
coverage of the FinTech Group stock. In their initial research report,
published shortly, the analysts have expressed a buy recommendation with a
target price of EUR 17.00.
Frank Niehage, CEO of the FinTech Group AG, commented on the start of
coverage: "We are pleased to again be able to provide our investors with an
important source of information in the form of the current stock research
report from Hauck & Aufhäuser, in order to arrive at the most objective
assessment of our growth potential possible. It is, moreover, a component
of our significantly enhanced investor relations strategy aimed towards
increasing the transparency of our company, and convincing additional
private and institutional investors of the future opportunities available
to FinTech Group AG."
The complete research report is available for download as of today on the
website at www.fintechgroup.com in the "Our share" section.
About FinTech Group AG
FinTech Group AG is a leader in the German retail brokerage market with a
special passion for innovation and aims to become one of the top financial
services technologies companies in Europe in the medium-term. Flatex GmbH,
one of the members of the group, operates in the B2C business line. Flatex
is one of the market leaders in Germany and Austria in the online brokerage
business with more than 125,000 private customers and 3.5 billion Euros
assets under administration. As a solely B2B partner, the subsidiary CeFDex
AG offers institutional partners and their customers affordable access to
the global CFD market. The key element in the group's strategy is the
AKTIONAERSBANK, which is licensed by the German Federal Financial
Supervisory Authority (BaFin) to provide the full range of banking
services. AKTIONAERSBANK will be the platform for new business ideas which
FinTech Group is developing together with innovation-minded entrepreneurs
can jumpstart on. FinTech Group will own the majority of those new
ventures, in return it provides regulatory cover and financing. This
strategy allows sustainable above-average growth and a rapid market
penetration. All subsidiaries operate their own strategies under separate
brands in Germany and Austria. The expansion of individual subsidiaries
into other European markets is currently in preparation.
Disclaimer:
This release may contain forward-looking statements and information which
may be identified by formulations using terms such as "expects", "aims",
"anticipates", "intends", "plans", "believes", "seeks", "estimates" or
"will". Such forward-looking statements are based on our current
expectations and certain assumptions which may be subject to variety of
risks and uncertainties. The results actually achieved by FinTech Group AG
may substantially differ from these forward-looking statements. FinTech
Group AG assumes no obligation to update these forward-looking statements
or to correct them in case of developments which differ from those
anticipated
08.12.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: FinTech Group AG
E.-C.-Baumann-Str. 8a
95326 Kulmbach
Germany
Phone: 09221/952-0
Fax: 09221/6058234
E-mail: info@fintechgroup.com
Internet: www.fintechgroup.com
ISIN: DE0005249601
WKN: 524960
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Frankfurt in Open Market (Entry Standard)
End of Announcement DGAP News-Service
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coverage of the FinTech Group stock. In their initial research report,
published shortly, the analysts have expressed a buy recommendation with a
target price of EUR 17.00.
Frank Niehage, CEO of the FinTech Group AG, commented on the start of
coverage: "We are pleased to again be able to provide our investors with an
important source of information in the form of the current stock research
report from Hauck & Aufhäuser, in order to arrive at the most objective
assessment of our growth potential possible. It is, moreover, a component
of our significantly enhanced investor relations strategy aimed towards
increasing the transparency of our company, and convincing additional
private and institutional investors of the future opportunities available
to FinTech Group AG."
The complete research report is available for download as of today on the
website at www.fintechgroup.com in the "Our share" section.
About FinTech Group AG
FinTech Group AG is a leader in the German retail brokerage market with a
special passion for innovation and aims to become one of the top financial
services technologies companies in Europe in the medium-term. Flatex GmbH,
one of the members of the group, operates in the B2C business line. Flatex
is one of the market leaders in Germany and Austria in the online brokerage
business with more than 125,000 private customers and 3.5 billion Euros
assets under administration. As a solely B2B partner, the subsidiary CeFDex
AG offers institutional partners and their customers affordable access to
the global CFD market. The key element in the group's strategy is the
AKTIONAERSBANK, which is licensed by the German Federal Financial
Supervisory Authority (BaFin) to provide the full range of banking
services. AKTIONAERSBANK will be the platform for new business ideas which
FinTech Group is developing together with innovation-minded entrepreneurs
can jumpstart on. FinTech Group will own the majority of those new
ventures, in return it provides regulatory cover and financing. This
strategy allows sustainable above-average growth and a rapid market
penetration. All subsidiaries operate their own strategies under separate
brands in Germany and Austria. The expansion of individual subsidiaries
into other European markets is currently in preparation.
Disclaimer:
This release may contain forward-looking statements and information which
may be identified by formulations using terms such as "expects", "aims",
"anticipates", "intends", "plans", "believes", "seeks", "estimates" or
"will". Such forward-looking statements are based on our current
expectations and certain assumptions which may be subject to variety of
risks and uncertainties. The results actually achieved by FinTech Group AG
may substantially differ from these forward-looking statements. FinTech
Group AG assumes no obligation to update these forward-looking statements
or to correct them in case of developments which differ from those
anticipated
08.12.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: FinTech Group AG
E.-C.-Baumann-Str. 8a
95326 Kulmbach
Germany
Phone: 09221/952-0
Fax: 09221/6058234
E-mail: info@fintechgroup.com
Internet: www.fintechgroup.com
ISIN: DE0005249601
WKN: 524960
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Frankfurt in Open Market (Entry Standard)
End of Announcement DGAP News-Service
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