Is K+S (ETR:SDF) a Stock One Should Sell Following Today’s Credit Suisse Group Downgrade?


K+S (ETR:SDF) Receives a Downgrade

In analysts report distributed to Clients on 27 November, Credit Suisse Group has decided to cut their rating on shares of K+S (ETR:SDF) to a “Underperform” and has established a 12 month target price per share equal to EUR 22.00. This target is -17.42% from SDF’s current share price.

From a total of 19 analysts covering K+S (ETR:SDF) stock, 10 rate it a ”Buy”, 3 a “Sell”, and 6 a ”Hold”. This means that 53% of the ratings are positive. The highest target price is €55 while the lowest target price is €21. The mean of all analyst targets is €32.17 with a 20.76% above today’s (€26.64) stock price. K+S was the topic of 56 analyst reports since June 26, 2015 according to the firm StockzIntelligence Inc. UBS downgraded shares on November 26 to “Sell” rating. Warburg Research upgraded shares to “Buy” rating and €33 target share price in a report from a November 17. Kepler Cheuvreux upgraded SDF stock in a recent report from November 25 to “Buy” rating. Citigroup downgraded the rating on November 12. Citigroup has a “Sell” rating and a €24 price target on shares. Finally, BNP Paribas maintained the stock with “Neutral” rating in a report issued on a November 21.

The stock increased 2.82% or EUR 0.73 on November 26, striking EUR 26.64. Approximately 4.97M shares of stock traded hands or 103.69% up from the average. K&S AG (ETR:SDF) has risen 40.77% since December 30, 2014 and is uptrending. It has outperformed by 42.13% the S&P500.

 Is K+S (ETR:SDF) a Stock One Should Sell Following Today’s Credit Suisse Group Downgrade?

K&S AG is a Germany-based holding company which is active in the chemical sector. The company has a market cap of 5.10 billion EUR. The Firm divides its activities into three business divisions. It has 11.91 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.