Indus (ETR:INH) received a €57.00 ($66.28) price objective from equities research analysts at HSBC in a report issued on Friday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. HSBC’s price objective would suggest a potential upside of 46.72% from the stock’s previous close.
A number of other research firms have also commented on INH. Warburg Research set a €60.00 ($69.77) price objective on Indus and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Independent Research set a €57.00 ($66.28) price objective on Indus and gave the stock a “buy” rating in a research note on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Indus currently has an average rating of “Buy” and a consensus price target of €56.94 ($66.21).
Indus stock opened at €38.85 ($45.17) on Friday. The company has a debt-to-equity ratio of 95.54, a quick ratio of 0.78 and a current ratio of 1.77. The stock has a market capitalization of $942.72 million and a PE ratio of 13.42. Indus has a 52 week low of €37.40 ($43.49) and a 52 week high of €56.90 ($66.16).
INDUS Holding AG is a private equity firm specializing in mergers and acquisitions and corporate spin-offs. The firm does not invest in retail and service companies, pure trading or consumer goods businesses, companies with significant dependencies on individual business partners, start-ups, turnarounds, mature businesses, and companies undergoing restructuring.
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