Deutsche Bank set a €6.40 ($7.44) target price on Kloeckner & Co SE (ETR:KCO) in a report issued on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
KCO has been the subject of several other reports. Jefferies Financial Group set a €5.00 ($5.81) price objective on shares of Kloeckner & Co SE and gave the stock a neutral rating in a research report on Wednesday, July 17th. Kepler Capital Markets set a €5.00 ($5.81) price objective on shares of Kloeckner & Co SE and gave the stock a sell rating in a research report on Wednesday, May 8th. Goldman Sachs Group set a €5.80 ($6.74) price objective on shares of Kloeckner & Co SE and gave the stock a buy rating in a research report on Wednesday. Nord/LB set a €6.50 ($7.56) price objective on shares of Kloeckner & Co SE and gave the stock a buy rating in a research report on Wednesday, June 12th. Finally, HSBC set a €7.00 ($8.14) price objective on shares of Kloeckner & Co SE and gave the stock a buy rating in a research report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of €7.28 ($8.47).
ETR KCO traded down €0.03 ($0.03) on Thursday, hitting €4.98 ($5.79). The company’s stock had a trading volume of 1,285,763 shares, compared to its average volume of 600,641. The company has a debt-to-equity ratio of 68.87, a quick ratio of 1.12 and a current ratio of 2.49. Kloeckner & Co SE has a 1-year low of €4.19 ($4.87) and a 1-year high of €10.09 ($11.73). The stock’s 50-day simple moving average is €4.84. The company has a market capitalization of $496.36 million and a price-to-earnings ratio of 13.49.
Klöckner & Co SE, through its subsidiaries, distributes steel and metal products. It operates through Europe and Americas segments. The company's product portfolio includes flat steel products, such as thin sheets and strips, as well as thick sheets; long steel products comprising merchant bars, sectional steel, and beams; tubes und hollow sections that include structural hollow sections, precision tubes, and seamless heavy-wall pipes; stainless steel and high-grade steel, which comprise sheet, profiles, and tubes; aluminum profiles, sheets, strips, and plates; and special products for building installations, roof and wall construction, and water supply.
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