K&S (ETR:SDF) received a €12.70 ($14.77) price objective from equities researchers at Independent Research in a note issued to investors on Monday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Independent Research’s price target would indicate a potential upside of 17.27% from the stock’s previous close.
SDF has been the subject of several other research reports. Warburg Research set a €16.00 ($18.60) target price on shares of K&S and gave the stock a “neutral” rating in a research note on Thursday. Nord/LB set a €14.40 ($16.74) target price on shares of K&S and gave the stock a “buy” rating in a research note on Thursday. DZ Bank reiterated a “buy” rating on shares of K&S in a research note on Thursday. JPMorgan Chase & Co. set a €11.00 ($12.79) target price on shares of K&S and gave the stock a “sell” rating in a research note on Thursday. Finally, Deutsche Bank set a €14.00 ($16.28) target price on shares of K&S and gave the stock a “neutral” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. K&S has a consensus rating of “Hold” and a consensus price target of €15.07 ($17.52).
Shares of SDF stock traded down €0.43 ($0.50) during mid-day trading on Monday, hitting €10.83 ($12.59). 3,212,282 shares of the stock were exchanged, compared to its average volume of 1,080,000. The stock’s fifty day simple moving average is €12.69 and its two-hundred day simple moving average is €14.78. The stock has a market capitalization of $2.12 billion and a price-to-earnings ratio of 17.16. K&S has a 12-month low of €11.89 ($13.82) and a 12-month high of €18.61 ($21.64). The company has a debt-to-equity ratio of 82.68, a quick ratio of 1.09 and a current ratio of 1.82.
K+S Aktiengesellschaft, together with its subsidiaries, produces and sells potash, magnesium, and salt products worldwide. Its Potash and Magnesium Products segment produces and markets mineral fertilizers, such as potassium chloride for various crops, including cereals, corn, rice, and soy beans; fertilizer specialties for rapeseeds, potatoes, citrus fruits, vines, and vegetables; potassium and magnesium products for industrial applications; and a range of products for use in pharmaceutical, cosmetics, food processing, and animal feed industries.
See Also: Depreciation
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