Nord/LB set a €13.00 ($15.29) target price on Klöckner & Co SE (ETR:KCO) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft set a €10.00 ($11.76) target price on Klöckner & Co SE and gave the company a buy rating in a research report on Thursday, March 11th. Credit Suisse Group set a €6.80 ($8.00) target price on Klöckner & Co SE and gave the company a sell rating in a research report on Monday, January 18th. Kepler Capital Markets set a €12.00 ($14.12) price objective on Klöckner & Co SE and gave the company a buy rating in a research note on Tuesday, March 23rd. Jefferies Financial Group set a €12.60 ($14.82) price objective on Klöckner & Co SE and gave the company a buy rating in a research note on Wednesday. Finally, Independent Research set a €9.80 ($11.53) price objective on Klöckner & Co SE and gave the company a neutral rating in a research note on Monday, March 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of €10.70 ($12.59).
Shares of ETR:KCO opened at €11.29 ($13.28) on Wednesday. Klöckner & Co SE has a 1 year low of €3.20 ($3.76) and a 1 year high of €11.47 ($13.49). The firm has a market capitalization of $1.13 billion and a price-to-earnings ratio of -9.72. The company has a debt-to-equity ratio of 49.91, a current ratio of 1.90 and a quick ratio of 0.89. The business’s 50 day moving average price is €9.83 and its 200-day moving average price is €7.77.
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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