Befesa (ETR:BFSA) PT Set at €37.00 by Berenberg Bank

Berenberg Bank set a €37.00 ($43.02) price target on Befesa (ETR:BFSA) in a research report report published on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also issued reports on the stock. Goldman Sachs Group set a €42.00 ($48.84) target price on shares of Befesa and gave the company a buy rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. set a €38.00 ($44.19) target price on shares of Befesa and gave the company a neutral rating in a research note on Monday, February 17th.

Shares of ETR BFSA opened at €25.60 ($29.77) on Tuesday. The firm has a market capitalization of $872.11 million and a PE ratio of 9.90. The company has a current ratio of 1.88, a quick ratio of 1.54 and a debt-to-equity ratio of 164.46. Befesa has a 1 year low of €23.95 ($27.85) and a 1 year high of €40.70 ($47.33). The firm’s 50-day moving average is €29.66 and its 200-day moving average is €33.41.

About Befesa

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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