Vallourec SA Lowered to “Equal Weight” at Morgan Stanley (VK)

Morgan Stanley lowered shares of Vallourec SA (EPA: VK) from an overweight rating to an equal weight rating in a report released on Thursday, StockRatingsNetwork reports.

VK has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated an outperform rating on shares of Vallourec SA in a research note to investors on Tuesday, May 28th. They now have a €47.00 ($61.04) price target on the stock. Separately, analysts at Oddo & Cie reiterated a neutral rating on shares of Vallourec SA in a research note to investors on Thursday, May 16th. They now have a €41.00 ($53.25) price target on the stock. Finally, analysts at Societe Generale reiterated a hold rating on shares of Vallourec SA in a research note to investors on Friday, May 3rd. They now have a €38.00 ($49.35) price target on the stock.

One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of €41.32 ($53.66).

Vallourec SA (EPA: VK) traded down 1.24% on Thursday, hitting €41.28. Vallourec SA has a 52-week low of €25.685 and a 52-week high of €43.84. The stock’s 50-day moving average is currently €35.1. The company has a market cap of €5.160 billion and a price-to-earnings ratio of 22.89.

Vallourec SA is a France-based company that specializes in the production of seamless steel tube products for industrial applications.

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