Befesa (ETR:BFSA) Given a €48.00 Price Target at Berenberg Bank

Befesa (ETR:BFSA) received a €48.00 ($55.81) target price from equities research analysts at Berenberg Bank in a research note issued to investors on Thursday, October 24th, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 32.23% from the company’s current price.

A number of other equities analysts have also commented on BFSA. Goldman Sachs Group set a €29.00 ($33.72) price objective on Befesa and gave the stock a “neutral” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. set a €38.00 ($44.19) price target on Befesa and gave the company a “neutral” rating in a research note on Friday, October 18th.

ETR:BFSA remained flat at $€36.30 ($42.21) during trading hours on Thursday. The company’s stock had a trading volume of 44,046 shares. The company has a quick ratio of 1.54, a current ratio of 1.88 and a debt-to-equity ratio of 164.46. The firm has a market cap of $1.24 billion and a price-to-earnings ratio of 14.04. The business has a 50 day simple moving average of €32.83 and a 200-day simple moving average of €33.75. Befesa has a 52-week low of €26.75 ($31.10) and a 52-week high of €41.65 ($48.43).

Befesa Company Profile

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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