Brokerages Set Kloeckner & Co SE (KCO) Target Price at $8.38
Kloeckner & Co SE (ETR:KCO) has been assigned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is €8.38 ($9.75).
Several equities research analysts have recently issued reports on KCO shares. Kepler Capital Markets set a €5.00 ($5.81) target price on shares of Kloeckner & Co SE and gave the stock a “sell” rating in a research note on Wednesday, May 8th. Deutsche Bank set a €7.50 ($8.72) target price on shares of Kloeckner & Co SE and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Independent Research set a €6.70 ($7.79) target price on shares of Kloeckner & Co SE and gave the stock a “neutral” rating in a research note on Wednesday, February 20th. DZ Bank reissued a “neutral” rating on shares of Kloeckner & Co SE in a research note on Monday, February 18th. Finally, Jefferies Financial Group set a €7.00 ($8.14) target price on shares of Kloeckner & Co SE and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd.
KCO stock opened at €5.37 ($6.24) on Friday. 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 52-week low of €5.61 ($6.52) and a 52-week high of €10.62 ($12.35). The stock has a market cap of $535.66 million and a PE ratio of 14.55.
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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