Bilfinger (ETR:GBF) Receives a Downgrade
Frankfurt-listed Bilfinger (ETR:GBF), was cut by investment analysts at Bankhaus Lampe KG who cut their rating on the 2.02B EUR market cap firm to a Sell, but decided to stick with their TP of EUR 30.00 on GBF shares.
From a total of 9 analysts covering Bilfinger (ETR:GBF) stock, 1 rate it a ”Buy”, 4 a “Sell”, and 4 a ”Hold”. This means that 11% of the ratings are positive. The highest target price is €44 while the lowest target price is €28. The mean of all analyst targets is €36 with a -16.26% below today’s (€42.99) stock price. Bilfinger was the topic of 20 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Landesbank maintained shares on November 28 with “Hold” rating. Warburg Research maintained shares with “Hold” rating and €32 target share price in a report from an August 14. BNP Paribas downgraded GBF stock in a recent report from November 17 to “Underperform” rating. S&P Research downgraded the rating on August 13. S&P Research has a “Sell” rating and a €34 price target on shares. Finally, Kepler Cheuvreux downgraded the stock to “Reduce” rating in a report issued on an October 17.
The stock decreased 0.90% or EUR 0.39 on December 9, striking EUR 42.99. Approximately 381,769 shares of stock traded hands or 39.08% up from the average. Bilfinger SE (ETR:GBF) has declined 1.08% since May 7, 2015 and is downtrending. It has underperformed by 0.29% the S&P500.
Bilfinger SE is a Germany-based holding company. The company has a market cap of 2.02 billion EUR. The Firm is an engineering and services group, which develops, constructs, maintains, and operates facilities and structures for industry, as well as for the energy and real-estate sectors. It has 27.61 P/E ratio. The operating activities are carried out through its subsidiaries.