Steinhoff International (SNH) Given a €3.00 Price Target by J P Morgan Chase & Co Analysts

Steinhoff International (ETR:SNH) has been given a €3.00 ($3.57) target price by analysts at J P Morgan Chase & Co in a note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 404.20% from the company’s previous close.

A number of other equities research analysts have also issued reports on SNH. Royal Bank Of Canada set a €5.00 ($5.95) target price on shares of Steinhoff International and gave the company a “buy” rating in a research note on Friday, August 25th. Deutsche Bank set a €4.55 ($5.42) target price on shares of Steinhoff International and gave the company a “neutral” rating in a research note on Friday, September 1st. Finally, Commerzbank set a €5.00 ($5.95) target price on shares of Steinhoff International and gave the company a “neutral” rating in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of €4.41 ($5.25).

Shares of Steinhoff International (ETR:SNH) opened at €0.60 ($0.71) on Wednesday. Steinhoff International has a 52 week low of €0.60 ($0.71) and a 52 week high of €5.32 ($6.33).

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About Steinhoff International

Steinhoff International Holdings N.V. manufactures, sources, and retails furniture, household goods, general merchandise, and automotive products in Europe, Australasia, the United States, and Africa. The company retails appliances, home accessories, consumer electronics and technology goods, building materials, and DIY products and accessories; and clothing, footwear, personal accessories, cellular products, and financial services.

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