Befesa (ETR:BFSA) Given a €48.00 Price Target at Berenberg Bank

Berenberg Bank set a €48.00 ($55.81) target price on Befesa (ETR:BFSA) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on BFSA. JPMorgan Chase & Co. set a €38.00 ($44.19) price objective on Befesa and gave the company a neutral rating in a report on Friday, November 8th. Goldman Sachs Group set a €42.00 ($48.84) price objective on Befesa and gave the company a buy rating in a research report on Wednesday, November 13th.

Shares of Befesa stock opened at €35.20 ($40.93) on Wednesday. The company has a market capitalization of $1.20 billion and a P/E ratio of 13.62. 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 business has a 50-day moving average of €34.47 and a two-hundred day moving average of €33.32. 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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