FRANKFURT (dpa-AFX) - The chart breakout from the correction trend at Flatexdegiro was not very dynamic on Wednesday morning. The online broker's shares climbed up to 1.5 percent, but remained just below 13 euros at their 21-day line.

Analyst Martin Comtesse from the investment bank Jefferies set the highest price target of 17 euros in his outlook for the quarterly report on the market. This would be the highest level since April 2022.

In the second quarter, the total number of trades grew again for the first time in two years, the expert emphasized. He sees this as confirmation of his assumption that the earnings turnaround will succeed in 2024. The shares are valued much more favorably than the competition and are also below their historical average./ag/jha/