Should Investors Be Buying K+S (ETR:SDF) Shares? equinet AG Has Just Upgraded The Stock


K+S (ETR:SDF) Stock Upgrade

Shares of K+S (ETR:SDF) stock were lifted to a “Accumulate” by stock research analysts at equinet AG, who now have a Estimated Target Price set at EUR 26.00 on SDF. This target is 11.97% from SDF’s current share price.

From a total of 20 analysts covering K+S (ETR:SDF) stock, 9 rate it a ”Buy”, 5 a “Sell”, and 6 a ”Hold”. This means that 45% of the ratings are positive. The highest target price is €55 while the lowest target price is €20. The mean of all analyst targets is €29.87 with a 28.58% above today’s (€23.23) stock price. K+S was the topic of 62 analyst reports since June 26, 2015 according to the firm StockzIntelligence Inc. HSBC maintained shares on December 16 with “Hold” rating. Credit Suisse downgraded shares to “Underperform” rating and €22 target share price in a report from a November 27. Baader Wertpapierhandelsbank downgraded SDF stock in a recent report from December 5 to “Sell” rating. UBS downgraded the rating on November 26. UBS has a “Sell” rating and a €21 price target on shares. Finally, JP Morgan downgraded the stock to “Underweight” rating in a report issued on a December 1.

The stock decreased 1.44% or EUR 0.34 on December 18, striking EUR 23.23. Approximately 3.67M shares of stock traded hands or 47.98% up from the average. K&S AG (ETR:SDF) has risen 6.00% since November 19, 2015 and is uptrending. It has outperformed by 9.81% the S&P500.

 Should Investors Be Buying K+S (ETR:SDF) Shares? equinet AG Has Just Upgraded The Stock

K&S AG is a Germany-based holding company which is active in the chemical sector. The company has a market cap of 4.47 billion EUR. The Firm divides its activities into three business divisions. It has 10.39 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.