Berenberg Bank set a €55.00 ($63.95) target price on Befesa (ETR:BFSA) in a report issued on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. set a €46.00 ($53.49) price target on shares of Befesa and gave the company a buy rating in a research report on Wednesday, May 8th. Goldman Sachs Group set a €40.00 ($46.51) price target on shares of Befesa and gave the company a neutral rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of €51.80 ($60.23).
Shares of ETR BFSA opened at €37.05 ($43.08) on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.38 and a debt-to-equity ratio of 181.93. Befesa has a 52-week low of €34.35 ($39.94) and a 52-week high of €46.65 ($54.24). The company has a market capitalization of $1.26 billion and a price-to-earnings ratio of 13.93.
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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