Kloeckner & Co SE’s (KCO) “Neutral” Rating Reaffirmed at DZ Bank

DZ Bank reissued their neutral rating on shares of Kloeckner & Co SE (ETR:KCO) in a research note issued to investors on Wednesday morning, Borsen Zeitung reports.

KCO has been the topic of a number of other reports. Kepler Capital Markets set a €5.00 ($5.81) target price on Kloeckner & Co SE and gave the stock a sell rating in a research note on Wednesday, May 8th. Independent Research set a €4.70 ($5.47) target price on Kloeckner & Co SE and gave the stock a neutral rating in a research note on Tuesday, July 23rd. Commerzbank set a €7.50 ($8.72) target price on Kloeckner & Co SE and gave the stock a neutral rating in a research note on Friday, April 26th. HSBC set a €7.00 ($8.14) target price on Kloeckner & Co SE and gave the stock a buy rating in a research note on Friday, June 14th. Finally, Jefferies Financial Group set a €5.00 ($5.81) target price on Kloeckner & Co SE and gave the stock a neutral rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Kloeckner & Co SE currently has a consensus rating of Hold and a consensus target price of €7.39 ($8.59).

Shares of Kloeckner & Co SE stock opened at €4.98 ($5.79) on Wednesday. The firm has a market cap of $496.56 million and a price-to-earnings ratio of 13.49. Kloeckner & Co SE has a 1 year low of €4.19 ($4.87) and a 1 year high of €10.09 ($11.73). The company has a current ratio of 2.49, a quick ratio of 1.12 and a debt-to-equity ratio of 68.87. The firm has a 50-day moving average of €4.83.

Kloeckner & Co SE Company Profile

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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Analyst Recommendations for Kloeckner & Co SE (ETR:KCO)

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