Independent Research Reiterates “€5.70” Price Target for Kloeckner & Co SE (ETR:KCO)

Independent Research set a €5.70 ($6.63) target price on Kloeckner & Co SE (ETR:KCO) in a research note issued to investors on Monday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

Other research analysts also recently issued research reports about the company. Deutsche Bank set a €6.20 ($7.21) price objective on Kloeckner & Co SE and gave the company a buy rating in a research note on Monday. Nord/LB set a €6.50 ($7.56) price objective on Kloeckner & Co SE and gave the company a buy rating in a research note on Friday, August 30th. Jefferies Financial Group set a €6.70 ($7.79) price objective on Kloeckner & Co SE and gave the company a buy rating in a research note on Wednesday, October 30th. Kepler Capital Markets set a €4.00 ($4.65) price objective on Kloeckner & Co SE and gave the company a sell rating in a research note on Thursday, October 31st. Finally, Credit Suisse Group set a €7.20 ($8.37) price objective on Kloeckner & Co SE and gave the company a buy rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of €6.75 ($7.84).

Kloeckner & Co SE stock opened at €5.77 ($6.70) on Monday. The business has a 50 day moving average of €5.30 and a 200-day moving average of €5.25. Kloeckner & Co SE has a 1 year low of €4.19 ($4.87) and a 1 year high of €8.11 ($9.42). The company has a debt-to-equity ratio of 68.02, a current ratio of 2.46 and a quick ratio of 1.18. The company has a market capitalization of $559.60 million and a P/E ratio of -47.64.

About Kloeckner & Co SE

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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Analyst Recommendations for Kloeckner & Co SE (ETR:KCO)

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