equinet AG Seems to Have Gained Confidence In SAF-Holland (ETR:SFQ), Upgrades Stocks

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SAF-Holland (ETR:SFQ) Stock Upgrade

In a comprehensive report revealed to investors on Tuesday morning, equinet AG boosted the shares of SAF-Holland (ETR:SFQ) to a respectable “Buy” rating. They currently have a EUR 16.00 price target on the stock. This price target implies a possible upside of 25.69% from the last price of SAF-Holland (ETR:SFQ) shares.

From a total of 6 analysts covering SAF-Holland (ETR:SFQ) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 83% of the ratings are positive. The highest target price is €20 while the lowest target price is €13.60. The mean of all analyst targets is €17.10 with a 34.22% above today’s (€12.74) stock price. SAF-Holland was the topic of 13 analyst reports since July 17, 2015 according to the firm StockzIntelligence Inc. Hauck & Aufhäuser Privatbankiers KGaA upgraded shares on November 27 to “Buy” rating. Equinet upgraded shares to “Buy” rating and €13.60 target share price in a report from an August 6. Bankhaus Lampe upgraded SFQ stock in a recent report from November 6 to “Buy” rating. Finally, Commerzbank maintained the stock with “Hold” rating in a report issued on an August 6.

The stock increased 2.29% or EUR 0.28 on December 7, striking EUR 12.74. Approximately 206,078 shares of stock traded hands or 26.29% up from the average. SAF-HOLLAND S.A. (ETR:SFQ) has risen 4.80% since May 11, 2015 and is uptrending. It has outperformed by 5.88% the S&P500.

 equinet AG Seems to Have Gained Confidence In SAF-Holland (ETR:SFQ), Upgrades Stocks

Saf-Holland SA is a Luxembourg-based firm principally engaged in the supply of value-added trailer, truck, tractor, bus and motor home components and systems. The company has a market cap of 578.13 million EUR. The Company’s activities are divided into three business units: Trailer Systems, includes manufacturing axle systems, suspension systems, kingpins and coupling devices, landing legs and other components for the transport trailer industry; Powered Vehicle Systems, including fifth wheels, suspension systems for heavy-duty commercial vehicles, buses, and recreational vehicles, and Aftermarket, which supplies spare parts for vehicle manufacturers and dealers’ organizations, as well as independent workshops and fleet operators with spare parts from SAF-HOLLAND and third-party manufacturers. It has 13.59 P/E ratio.

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