Kloeckner & Co SE (ETR:KCO) has been given a €7.00 ($8.14) target price by analysts at HSBC in a research report issued on Friday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. HSBC’s target price suggests a potential upside of 49.76% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on the company. Nord/LB set a €6.50 ($7.56) price objective on Kloeckner & Co SE and gave the company a “buy” rating in a research note on Wednesday. Goldman Sachs Group set a €6.20 ($7.21) price objective on Kloeckner & Co SE and gave the company a “buy” rating in a research note on Wednesday. DZ Bank restated a “neutral” rating on shares of Kloeckner & Co SE in a research note on Friday, May 24th. Independent Research set a €5.80 ($6.74) price objective on Kloeckner & Co SE and gave the company a “neutral” rating in a research note on Thursday, May 23rd. Finally, Kepler Capital Markets set a €5.00 ($5.81) price objective on Kloeckner & Co SE and gave the company a “sell” rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of €7.68 ($8.93).
Shares of Kloeckner & Co SE stock opened at €4.67 ($5.43) on Friday. Kloeckner & Co SE has a 52-week low of €4.59 ($5.34) and a 52-week high of €10.62 ($12.35). The stock has a market capitalization of $466.23 million and a P/E ratio of 12.67. The company has a current ratio of 2.49, a quick ratio of 1.12 and a debt-to-equity ratio of 68.87.
Klöckner & Co SE, through its subsidiaries, distributes steel and metal products. It operates through Europe and Americas segments. The company's product portfolio includes flat steel products, such as thin sheets and strips, as well as thick sheets; long steel products comprising merchant bars, sectional steel, and beams; tubes und hollow sections that include structural hollow sections, precision tubes, and seamless heavy-wall pipes; stainless steel and high-grade steel, which comprise sheet, profiles, and tubes; aluminum profiles, sheets, strips, and plates; and special products for building installations, roof and wall construction, and water supply.
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