Koenig & Bauer (ETR:SKB) Stock Upgrade
Frankfurt-listed Koenig & Bauer (ETR:SKB), was hiked by stock research analysts at Warburg Research today. Warburg Research hiked its rating on the 540.08 million EUR market capitalized company to a “Buy”, and decided to leave its Estimated Target Price of EUR 43.60 on SKB shares.
From a total of 4 analysts covering Bauer (ETR:SKB) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is €42 while the lowest target price is €13. The mean of all analyst targets is €32.75 with a -1.12% below today’s (€33.12) stock price. Bauer was the topic of 12 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. Kepler Cheuvreux upgraded shares on November 11 to “Buy” rating. Hauck & Aufhäuser Privatbankiers KGaA upgraded SKB stock in a recent report from October 8 to “Buy” rating.
The stock increased 0.47% or EUR 0.16 on December 10, striking EUR 33.12. Approximately 36,377 shares of stock traded hands. Koenig & Bauer AG (ETR:SKB) has risen 6.00% since November 11, 2015 and is uptrending. It has outperformed by 7.93% the S&P500.
Koenig & Bauer AG is a Germany printing press manufacturer, acting as the parent firm of the Koenig & Bauer Group. The company has a market cap of 540.08 million EUR. The Firm operates, along with its group companies, in two business divisions: web and special presses, and sheetfed offset presses. It has 106.61 P/E ratio. The business segment web and special presses encompasses newspaper, commercial, digital, banknote and security presses, systems for industrial coding, as well as presses for the direct decoration of glass and flexible packaging.