Indus (ETR:INH) has been assigned a €60.00 ($69.77) price objective by equities researchers at Warburg Research in a note issued to investors on Wednesday, March 27th, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Warburg Research’s target price indicates a potential upside of 28.76% from the company’s previous close.
A number of other research analysts have also weighed in on INH. HSBC set a €66.00 ($76.74) price objective on shares of Indus and gave the company a “buy” rating in a research note on Wednesday, December 5th. Independent Research set a €57.00 ($66.28) price target on shares of Indus and gave the company a “buy” rating in a research report on Tuesday, February 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of €60.94 ($70.86).
Shares of INH traded down €0.30 ($0.35) during trading hours on Wednesday, hitting €46.60 ($54.19). 16,149 shares of the stock were exchanged, compared to its average volume of 22,718. Indus has a fifty-two week low of €37.40 ($43.49) and a fifty-two week high of €61.20 ($71.16). The company has a quick ratio of 0.74, a current ratio of 1.75 and a debt-to-equity ratio of 83.46. The stock has a market cap of $1.13 billion and a PE ratio of 16.08.
INDUS Holding AG is a private equity firm specializing in mergers and acquisitions and corporate spin-offs. The firm does not invest in retail and service companies, pure trading or consumer goods businesses, companies with significant dependencies on individual business partners, start-ups, turnarounds, mature businesses, and companies undergoing restructuring.
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