Befesa (ETR:BFSA) has been assigned a €52.50 ($61.05) price objective by investment analysts at Berenberg Bank in a research report issued on Friday. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 43.64% from the company’s current price.
BFSA has been the subject of a number of other reports. Citigroup set a €50.00 ($58.14) price objective on shares of Befesa and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Goldman Sachs Group set a €38.00 ($44.19) price objective on shares of Befesa and gave the stock a “neutral” rating in a research report on Thursday, September 13th. Commerzbank set a €68.00 ($79.07) price objective on shares of Befesa and gave the stock a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. set a €45.00 ($52.33) price objective on shares of Befesa and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of €51.30 ($59.65).
Shares of BFSA opened at €36.55 ($42.50) on Friday.
Befesa SA, a services company, offers waste management solutions. It operates through Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services segments. The Steel Dust Recycling Services segment collects and recycles steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel; and produces waelz oxide and other metals.
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