Kloeckner & Co SE (KCO) Receives €9.88 Consensus PT from Brokerages
Kloeckner & Co SE (ETR:KCO) has received an average recommendation of “Hold” from the twelve analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is €9.88 ($11.49).
Several research firms have weighed in on KCO. Goldman Sachs Group set a €7.60 ($8.84) price target on Kloeckner & Co SE and gave the company a “sell” rating in a research note on Friday, November 9th. BNP Paribas set a €9.00 ($10.47) price target on Kloeckner & Co SE and gave the company a “neutral” rating in a research note on Monday, October 29th. Deutsche Bank set a €8.50 ($9.88) price target on Kloeckner & Co SE and gave the company a “neutral” rating in a research note on Friday, October 26th. Nord/LB set a €10.00 ($11.63) price target on Kloeckner & Co SE and gave the company a “buy” rating in a research note on Thursday, October 25th. Finally, Independent Research set a €8.20 ($9.53) price target on Kloeckner & Co SE and gave the company a “neutral” rating in a research note on Thursday, October 25th.
Shares of KCO stock opened at €6.96 ($8.09) on Friday. Kloeckner & Co SE has a 1-year low of €8.91 ($10.36) and a 1-year high of €11.32 ($13.16).
Klöckner & Co SE, through its subsidiaries, distributes steel and metal products. It operates through Europe and Americas segments. The company's product portfolio includes flat steel products, such as thin sheets and strips, as well as thick sheets; long steel products comprising merchant bars, sectional steel, and beams; tubes und hollow sections that include structural hollow sections, precision tubes, and seamless heavy-wall pipes; stainless steel and high-grade steel, which comprise sheet, profiles, and tubes; aluminum profiles, sheets, strips, and plates; and special products for building installations, roof and wall construction, and water supply.
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