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In addition to Berenberg Bank, Redcare Pharmacy also received a Buy from Jefferies's Martin Comtesse in a report issued yesterday. However, on the same day, UBS maintained a Sell rating on Redcare Pharmacy (LSE: 0RJT).

Based on Redcare Pharmacy's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €327.83 million and a GAAP net loss of €9.77 million. In comparison, last year the company earned a revenue of €288.03 million and had a GAAP net loss of €42.48 million

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Shop Apotheke Europe NV operates an online pharmacy store. Its product portfolio is focused on non-prescription medications, over-the-counter medications, and pharmacy-related beauty and personal care products. The company's operating segment includes DACH and International. It generates maximum revenue from the DACH segment. Geographically, it has a presence in Germany, Belgium, Spain, France, and Italy.