Kloeckner & Co SE (ETR:KCO) PT Set at €6.50 by Nord/LB
Kloeckner & Co SE (ETR:KCO) has been given a €6.50 ($7.56) price objective by equities researchers at Nord/LB in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Nord/LB’s target price would suggest a potential upside of 35.70% from the stock’s current price.
Several other research analysts also recently weighed in on KCO. Kepler Capital Markets set a €8.00 ($9.30) target price on shares of Kloeckner & Co SE and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Independent Research set a €5.80 ($6.74) price objective on shares of Kloeckner & Co SE and gave the company a “neutral” rating in a research note on Thursday, May 23rd. Goldman Sachs Group set a €6.20 ($7.21) price target on shares of Kloeckner & Co SE and gave the stock a “buy” rating in a research report on Wednesday. DZ Bank reaffirmed a “neutral” rating on shares of Kloeckner & Co SE in a report on Friday, May 24th. Finally, HSBC set a €9.00 ($10.47) target price on shares of Kloeckner & Co SE and gave the company a “buy” rating in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of €7.85 ($9.13).
Shares of KCO stock traded down €0.04 ($0.05) on Wednesday, hitting €4.79 ($5.57). The stock had a trading volume of 2,051,263 shares, compared to its average volume of 600,641. The company has a market capitalization of $477.80 million and a PE ratio of 12.98. The company has a current ratio of 2.49, a quick ratio of 1.12 and a debt-to-equity ratio of 68.87. Kloeckner & Co SE has a 52-week low of €4.59 ($5.34) and a 52-week high of €10.62 ($12.35).
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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