Klöckner & Co SE (ETR:KCO) has been assigned a €14.50 ($17.06) price objective by investment analysts at Kepler Capital Markets in a research note issued on Wednesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Kepler Capital Markets’ price target suggests a potential upside of 16.09% from the company’s current price.
Other analysts have also issued research reports about the stock. Credit Suisse Group set a €9.10 ($10.71) price objective on shares of Klöckner & Co SE and gave the company a “sell” rating in a research note on Monday. Warburg Research set a €14.00 ($16.47) price objective on shares of Klöckner & Co SE and gave the company a “buy” rating in a report on Friday, May 14th. Jefferies Financial Group set a €13.80 ($16.24) target price on Klöckner & Co SE and gave the company a “buy” rating in a research note on Tuesday. Independent Research set a €11.50 ($13.53) price target on Klöckner & Co SE and gave the stock a “neutral” rating in a research note on Tuesday, May 4th. Finally, Nord/LB set a €13.00 ($15.29) price target on Klöckner & Co SE and gave the stock a “buy” rating in a report on Thursday, May 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Klöckner & Co SE currently has a consensus rating of “Buy” and a consensus target price of €12.84 ($15.11).
Shares of KCO stock opened at €12.49 ($14.69) on Wednesday. Klöckner & Co SE has a fifty-two week low of €3.96 ($4.66) and a fifty-two week high of €12.13 ($14.27). The company has a debt-to-equity ratio of 42.16, a quick ratio of 0.88 and a current ratio of 1.76. The business has a 50 day simple moving average of €11.18. The company has a market capitalization of $1.25 billion and a P/E ratio of -127.45.
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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