SAF-Holland (ETR:SFQ) Stock Upgrade
In an interesting research report issued to clients on 15 December, stock analysts at the Kepler Cheuvreux research division raised shares of SAF-Holland (ETR:SFQ) to a respectable Buy rating. They now have a price target set at EUR 17.00 on SFQ equating to 39.12% more upside.
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 €17.58 with a 43.98% above today’s (€12.21) stock price. SAF-Holland was the topic of 16 analyst reports since July 17, 2015 according to the firm StockzIntelligence Inc. Commerzbank maintained shares on December 11 with “Hold” rating. Kepler Cheuvreux upgraded shares to “Buy” rating and €17 target share price in a report from a September 26. Equinet upgraded SFQ stock in a recent report from December 8 to “Buy” rating. Finally, Bankhaus Lampe upgraded the stock to “Buy” rating in a report issued on a November 6.
The stock decreased 0.49% or EUR 0.06 on December 14, striking EUR 12.21. Approximately 171,890 shares of stock traded hands. SAF-HOLLAND S.A. (ETR:SFQ) has risen 0.75% since May 18, 2015 and is uptrending. It has outperformed by 5.17% the S&P500.
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 553.86 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 13.02 P/E ratio.