Befesa (ETR:BFSA) Given a €42.00 Price Target by Goldman Sachs Group Analysts

Befesa (ETR:BFSA) has been given a €42.00 ($48.84) price target by stock analysts at Goldman Sachs Group in a note issued to investors on Wednesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s target price suggests a potential upside of 16.18% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. set a €38.00 ($44.19) target price on shares of Befesa and gave the stock a “neutral” rating in a research report on Friday, November 8th. Berenberg Bank set a €48.00 ($55.81) target price on shares of Befesa and gave the stock a “buy” rating in a research report on Friday, November 1st.

BFSA traded down €0.15 ($0.17) during midday trading on Wednesday, reaching €36.15 ($42.03). 35,123 shares of the company’s stock were exchanged. The company has a debt-to-equity ratio of 164.46, a current ratio of 1.88 and a quick ratio of 1.54. The stock has a market capitalization of $1.23 billion and a PE ratio of 13.98. The business’s 50-day moving average price is €33.06 and its 200 day moving average price is €33.70. Befesa has a 1-year low of €26.75 ($31.10) and a 1-year high of €41.65 ($48.43).

Befesa Company Profile

Befesa SA, a services company, offers waste management solutions. It operates through Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services segments. The Steel Dust Recycling Services segment collects and recycles steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel; and produces waelz oxide and other metals.

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