Kloeckner & Co SE (ETR:KCO) has been given a €7.60 ($8.84) price objective by analysts at Goldman Sachs Group in a research note issued on Friday. The brokerage presently has a “sell” rating on the stock. Goldman Sachs Group’s target price indicates a potential downside of 4.04% from the company’s previous close.
KCO has been the topic of several other reports. Deutsche Bank set a €8.50 ($9.88) price target on Kloeckner & Co SE and gave the stock a “neutral” rating in a research note on Friday, October 26th. Nord/LB set a €13.00 ($15.12) price target on Kloeckner & Co SE and gave the stock a “buy” rating in a research note on Monday, September 17th. Hauck & Aufhaeuser set a €12.40 ($14.42) price target on Kloeckner & Co SE and gave the stock a “buy” rating in a research note on Tuesday, September 18th. Independent Research set a €8.20 ($9.53) price target on Kloeckner & Co SE and gave the stock a “neutral” rating in a research note on Thursday, October 25th. Finally, DZ Bank reaffirmed a “neutral” rating on shares of Kloeckner & Co SE in a research note on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of €9.88 ($11.49).
KCO opened at €7.92 ($9.21) on Friday. Kloeckner & Co SE has a 52-week low of €8.91 ($10.36) and a 52-week high of €11.32 ($13.16).
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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