Berenberg Bank set a €60.00 ($69.77) price target on Cancom (ETR:COK) in a report issued on Tuesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Other equities research analysts also recently issued reports about the stock. Hauck & Aufhaeuser set a €61.00 ($70.93) price target on shares of Cancom and gave the company a buy rating in a research report on Thursday, March 19th. Warburg Research set a €61.00 ($70.93) price objective on shares of Cancom and gave the stock a buy rating in a research note on Thursday, February 6th. DZ Bank reissued a buy rating on shares of Cancom in a research note on Wednesday, March 11th. Finally, Kepler Capital Markets set a €60.00 ($69.77) price objective on shares of Cancom and gave the stock a buy rating in a research note on Thursday, February 27th. Six analysts have rated the stock with a buy rating, Cancom currently has an average rating of Buy and a consensus target price of €59.40 ($69.07).
COK stock opened at €36.48 ($42.42) on Tuesday. The firm has a 50 day moving average of €45.28 and a 200-day moving average of €49.98. Cancom has a 12-month low of €31.20 ($36.28) and a 12-month high of €57.10 ($66.40). The company has a current ratio of 1.44, a quick ratio of 1.26 and a debt-to-equity ratio of 18.23. The company has a market cap of $1.41 billion and a price-to-earnings ratio of 23.43.
CANCOM SE provides information technology (IT) infrastructure and services in Germany, Austria, Belgium, Switzerland, the United States, and the United Kingdom. The company operates through Cloud Solutions and IT Solutions segments. The Cloud Solutions segment provides cloud and shared managed services, including project-related cloud hardware, software, and services.
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