Kloeckner & Co SE (ETR:KCO) Receives €6.75 Consensus Price Target from Brokerages
Kloeckner & Co SE (ETR:KCO) has been given a consensus rating of “Hold” by the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is €6.75 ($7.84).
A number of analysts have issued reports on the company. Credit Suisse Group set a €7.20 ($8.37) price target on Kloeckner & Co SE and gave the stock a “buy” rating in a report on Tuesday, September 10th. Jefferies Financial Group set a €6.70 ($7.79) target price on Kloeckner & Co SE and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Deutsche Bank set a €6.20 ($7.21) target price on Kloeckner & Co SE and gave the stock a “buy” rating in a research note on Monday, November 4th. Independent Research set a €5.70 ($6.63) price target on Kloeckner & Co SE and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Goldman Sachs Group set a €5.30 ($6.16) price target on shares of Kloeckner & Co SE and gave the company a “neutral” rating in a research note on Tuesday, October 29th.
ETR:KCO traded down €0.14 ($0.16) during trading hours on Thursday, hitting €5.56 ($6.47). The company’s stock had a trading volume of 519,201 shares, compared to its average volume of 600,641. Kloeckner & Co SE has a 52-week low of €4.19 ($4.87) and a 52-week high of €7.44 ($8.65). The company has a current ratio of 2.43, a quick ratio of 1.14 and a debt-to-equity ratio of 61.88. The stock has a market capitalization of $562.59 million and a P/E ratio of -45.20. The stock has a fifty day moving average of €5.50 and a 200-day moving average of €5.18.
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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