Befesa (ETR:BFSA) Given a €53.00 Price Target by Berenberg Bank Analysts

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Berenberg Bank set a €53.00 ($61.63) price objective on Befesa (ETR:BFSA) in a research note published on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Goldman Sachs Group set a €33.00 ($38.37) price objective on shares of Befesa and gave the company a neutral rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. set a €46.00 ($53.49) price objective on shares of Befesa and gave the company a buy rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Befesa has an average rating of Buy and an average price target of €50.00 ($58.14).

ETR:BFSA opened at €27.50 ($31.98) on Monday. The firm has a 50 day simple moving average of €31.58 and a 200-day simple moving average of €36.29. The company has a debt-to-equity ratio of 176.22, a current ratio of 1.65 and a quick ratio of 1.41. The firm has a market cap of $936.83 million and a PE ratio of 10.74. Befesa has a 1-year low of €26.75 ($31.10) and a 1-year high of €45.00 ($52.33).

About Befesa

Befesa SA, a services company, offers waste management solutions. It operates through Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services segments. The Steel Dust Recycling Services segment collects and recycles steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel; and produces waelz oxide and other metals.

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Analyst Recommendations for Befesa (ETR:BFSA)

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