Klöckner & Co SE (ETR:KCO) has been assigned a €11.50 ($13.53) price objective by equities research analysts at Independent Research in a report issued on Tuesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Independent Research’s price objective points to a potential upside of 2.40% from the company’s current price.
KCO has been the topic of several other reports. Credit Suisse Group set a €6.80 ($8.00) price objective on shares of Klöckner & Co SE and gave the company a “sell” rating in a report on Monday, January 18th. Jefferies Financial Group set a €12.60 ($14.82) price objective on Klöckner & Co SE and gave the company a “buy” rating in a report on Thursday, April 29th. Nord/LB set a €13.00 ($15.29) price target on Klöckner & Co SE and gave the company a “buy” rating in a research report on Wednesday, April 14th. Deutsche Bank Aktiengesellschaft set a €14.00 ($16.47) price objective on shares of Klöckner & Co SE and gave the stock a “buy” rating in a research note on Friday. Finally, Kepler Capital Markets set a €12.00 ($14.12) price target on shares of Klöckner & Co SE and gave the stock a “buy” rating in a report on Tuesday, March 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of €11.65 ($13.71).
Shares of KCO stock traded down €0.06 ($0.07) during mid-day trading on Tuesday, reaching €11.23 ($13.21). The stock had a trading volume of 348,170 shares, compared to its average volume of 600,641. Klöckner & Co SE has a 1-year low of €3.20 ($3.76) and a 1-year high of €11.79 ($13.87). The firm has a market cap of $1.12 billion and a price-to-earnings ratio of -9.66. The company has a current ratio of 1.90, a quick ratio of 0.89 and a debt-to-equity ratio of 49.91. The business’s fifty day moving average is €10.67 and its 200-day moving average is €8.26.
Klöckner & Co SE Company Profile
KlÃ¶ckner & Co SE, through its subsidiaries, distributes steel and metal products. It operates through Kloeckner Metals US, Kloeckner Metals Services Europe, Kloeckner Metals Switzerland, and Kloeckner Metals Distribution Europe segments. The company's product portfolio includes flat steel products; long steel products; tubes and hollow sections; stainless steel and high-grade steel; aluminum products; and special products for building installations, roof and wall construction, and water supply.
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