Acerinox SA Given “Neutral” Rating at BNP Paribas (ACX)

Acerinox SA (MCE: ACX)‘s stock had its “neutral” rating restated by stock analysts at BNP Paribas in a report issued on Tuesday, Stock Ratings Network.com reports. They currently have a €8.00 ($10.39) price target on the stock.

A number of other firms have also recently commented on ACX. Analysts at BPI reiterated a “strong-buy” rating on shares of Acerinox SA in a research note to investors on Monday, May 20th. They now have a €10.40 ($13.51) price target on the stock. Separately, analysts at Ahorro Corporacion Financiera SA reiterated a “hold” rating on shares of Acerinox SA in a research note to investors on Tuesday, April 30th. They now have a €8.30 ($10.78) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Acerinox SA in a research note to investors on Wednesday, April 24th. They now have a €9.50 ($12.34) price target on the stock.

Two research analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of €9.07 ($11.78).

Acerinox SA is a Spain-based company principally engaged in the manufacturing, alloy and distribution of flat and long stainless steel products.

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