K+S (ETR:SDF) Receives a Downgrade
Baader Wertpapierhandelsbank has cut their stock rating for shares of K+S (ETR:SDF) to a “Sell” in analysts note announced on Saturday morning, and has just published a 52 week target at EUR 21.00. This target is -13.79% from SDF’s current share price.
From a total of 19 analysts covering K+S (ETR:SDF) stock, 10 rate it a ”Buy”, 4 a “Sell”, and 5 a ”Hold”. This means that 53% of the ratings are positive. The highest target price is €55 while the lowest target price is €20. The mean of all analyst targets is €31.22 with a 28.11% above today’s (€24.37) stock price. K+S was the topic of 59 analyst reports since June 26, 2015 according to the firm StockzIntelligence Inc. Independent Research maintained shares on December 4 with “Hold” rating. Equinet upgraded shares to “Accumulate” rating and €26 target share price in a report from a November 25. Credit Suisse downgraded SDF stock in a recent report from November 27 to “Underperform” rating. Kepler Cheuvreux upgraded the rating on November 25. Kepler Cheuvreux has a “Buy” rating and a €33 price target on shares. Finally, Hauck & Aufhäuser Privatbankiers KGaA upgraded the stock to “Buy” rating in a report issued on a November 25.
The stock decreased 0.25% or EUR 0.06 on December 4, striking EUR 24.37. Approximately 1.89 million shares of stock traded hands. K&S AG (ETR:SDF) has risen 6.00% since November 5, 2015 and is uptrending. It has outperformed by 8.78% the S&P500.
K&S AG is a Germany-based holding company which is active in the chemical sector. The company has a market cap of 4.66 billion EUR. The Firm divides its activities into three business divisions. It has 10.9 P/E ratio. The Potash and Magnesium Products segment combines the production and marketing of potash fertilizers and fertilizer specialties as well as potash and magnesium compounds for technical, industrial and pharmaceutical applications.