Is JP Morgan Chase & Co. Now Negative on Henkel (ETR:HEN) After Recent Downgrade?


Henkel (ETR:HEN) Receives a Downgrade

Henkel (ETR:HEN) shares have just seen their rating lowered by equity analysts at JP Morgan Chase & Co. to a ‘Underweight’ in analysts report issued to clients on Friday morning.

From a total of 16 analysts covering Henkel (ETR:HEN) stock, 7 rate it a ”Buy”, 2 a “Sell”, and 7 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is €120 while the lowest target price is €90. The mean of all analyst targets is €105.83 with a 14.18% above today’s (€92.69) stock price. Henkel was the topic of 29 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. BNP Paribas maintained shares on November 24 with “Neutral” rating. Independent Research downgraded shares to “Sell” rating and €92 target share price in a report from a November 12. Bernstein upgraded HEN stock in a recent report from November 18 to “Outperform” rating. S&P Research upgraded the rating on November 12. S&P Research has a “Buy” rating and a €116 price target on shares. Finally, HSBC upgraded the stock to “Buy” rating in a report issued on a November 13.

The stock increased 2.18% or EUR 1.98 on November 26, striking EUR 92.69. Approximately 114,357 shares of stock traded hands or 14.68% up from the average. Henkel AG & Co KGaA (ETR:HEN) has declined 16.31% since April 24, 2015 and is downtrending. It has underperformed by 14.95% the S&P500.

Is JP Morgan Chase & Co. Now Negative on Henkel (ETR:HEN) After Recent Downgrade?

Henkel AG & Co. KGaA is a Germany-based manufacturing firm engaged in the consumer and industrial business. The company has a market cap of 43.54 billion EUR. The Firm is organized into three business units: Laundry & Home Care, Beauty Care and Adhesive Technologies. It has 22.7 P/E ratio. The Laundry & Home Care business unit is active in the laundry and home care branded consumer goods business.